Committee authorizes parameters to issue up to $20 million in general obligation notes
The Winnebago County Personal Finance Committee approved parameters to issue up to $20 million in general obligation promissory notes, splitting $10 million for short-life capital projects and $10 million for building projects, with a conservative interest estimate of 4.75% and a not-to-exceed cap of 5.25%.
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The Winnebago County Personal Finance Committee on Oct. 20 approved a parameters resolution authorizing issuance of general obligation promissory notes not to exceed $20,000,000 to fund levy‑supported capital and building projects.
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