OSB pursues G-O bonds

February 11, 2014

Oconee school trustees are being asked to consider a pair of general obligation bond issues. As explained during a non-voting meeting last night, the largest of the bond issues would generate $13.5 million and is described by Gloria Moore, district finance director, as “normal borrowing this time of year.” Moore today described that borrowing as a G-O bond for capital projects. The other would generate $1.6 million, which Dr. Michael Thorsland, assistant superintendent for operations, says would be spent mostly on mechanical equipment. Formal votes on the bond issues are scheduled for the regular February board meeting—Monday night, February 17.

 

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