Approval of $40 Million Bond Financing for Orangewood Christian School

Original title: Approve and authorize the Chairman to execute a Resolution of the Board of County Commissioners of Seminole County, Florida, and corresponding Interlocal Agreement, approving, solely for the limited purposes of Section 147(f) of the Internal Revenue Code, the expenditure of the proceeds of the Orange County Industrial Development Authority not to exceed $40,000,000 of its Educational Facilities Revenue Bond Series for the purpose of financing and refinancing of educational facilities owned or leased by Orangewood Christian School, Inc., part of which is located in Seminole County, Florida as further described in the Resolution; and providing an effective date. (Kate Latorre, County Attorney)

Record date · May 12, 2026

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What This Bill Does

The Seminole County Board of County Commissioners approved an interlocal agreement to authorize the Orange County to issue up to $40 million in s. These funds will be used by Orangewood Christian School, Inc. to finance or refinance educational facilities located in Seminole County.

Why it matters

This resolution allows Orangewood Christian School to access tax-exempt bond financing for facility improvements, a process that requires local government approval under federal tax law.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Orangewood Christian School, Inc.

The school is authorized to proceed with securing up to $40 million in bond financing for its facilities.

Indirectly affected

Seminole County taxpayers

The county provides the required legal approval for the bond issuance, though the county is not financially liable for the debt.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

Is the county paying for this $40 million bond?

No. The resolution authorizes the Orange County to issue the bonds, which are typically repaid by the borrower (the school) rather than by county taxpayers.

Why does the county have to approve this?

Under , private activity bonds for facilities must receive 'TEFRA' approval from the local government jurisdiction where the facilities are located.

What else do you want to know?

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Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

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Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

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Inter-county bond cooperation

The resolution demonstrates the use of an Orange County authority to finance facilities located in Seminole County, highlighting cross-jurisdictional cooperation for private activity bonds.

Orange County Industrial Development Authority Seminole County Board of County Commissioners