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Board approves up to $17 million in one‑year bonds to fund capital and energy projects
Summary
The Richland 1 board voted unanimously to authorize general obligation bonds not to exceed $17 million to fund IT upgrades, energy‑savings work and other capital items; bond advisors projected interest in the mid‑3% range and a state intercept rating was discussed.
The Richland 1 School Board on March 25 approved a bond resolution to issue general obligation bonds not to exceed $17,000,000, to finance capital projects including information‑technology upgrades, energy‑savings measures and construction. The motion passed unanimously.
Why it matters: Bond proceeds will fund capital improvements and a final year of a three‑year energy‑savings project; administrators said there will be…
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