Murray County approves JPA allowing multiyear bonds for Lincoln Pipestone Rural Water project
The board approved a joint powers agreement enabling a county to issue phased general obligation bonds so Lincoln Pipestone Rural Water can finance a $43.273 million treatment-plant and distribution project; Minnesota statute creates contingent liability for the 10 counties served if LPRW defaults.
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The Murray County Board of Commissioners on Sept. 2 approved a joint powers agreement (JPA) that will allow a county to issue general obligation bonds to finance a $43,273,000 multiyear construction project for Lincoln Pipestone Rural Water (LPRW).
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