READING, Pa. – The Berks County Commissioners on Thursday heard the annual report on bond compliance from Chief Financial Officer Laura Jones.
The report –which is mandated by the county’s bond compliance policy- was for the calendar year 2025.
Jones told the commissioners the county has met all bond compliance requirements for 2025 with no material events or exceptions to report.
“The compliance process included diligent monitoring, timely disclosures and thorough documentation, ensuring transparency and adherence to standards,” Jones reported. “I’m pleased to report full compliance with all bond-related obligations for calendar year 2025.”
“We had no listed events occur in 2025 that would trigger mandatory disclosure,” she explained. “This would include defaults, rating changes, bond calls, new financial obligations, mergers, acquisitions or any other material event.”
“Our team actively monitored the IRS (Internal Revenue Service) and the SEC (Securities and Exchange Commission) for rule changes, specifically reviewing updates on the IRS tax-exempt bond website to ensure ongoing compliance. Under our private use test, the county remains below the 10% private use threshold for all outstanding tax-exempt bond issues.”
Jones added that no new bond proceeds were expended in 2025.
In other business, the commissioners voted to authorize the appointment of Scott Hauseman, Sinking Spring, to the Berks County Agricultural Land Preservation Board to fill an unexpired term ending on December 31, 2028.