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County closes on VPSA loan for high school renovation; VRA financing planned for DSS project
Summary
Nelson County reported that the Virginia Public School Authority spring pool closed with a 4.43% rate, replacing interim notes for the high school renovation; the county is applying to the Virginia Resources Authority summer pool to finance the new social services building and will return June 10 for authorizing action after bids arrive.
County finance staff updated the Nelson County Board of Supervisors on May 13 about the financing status for two capital projects: the high school renovation and the new social services building.
Staff told the board that the Virginia Public School Authority (VPSA) spring pool closed April 22 and the county locked a borrowing rate of 4.43% for the…
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