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School solar project bond sold; district applied to IRS for $198,000 tax‑credit equivalent
Summary
Brentwood school officials said the district completed a bond sale for solar panels and that the school filed paperwork with the IRS for a $198,000 tax‑credit equivalent payment; the payment is treated as revenue for the tax‑exempt school entity and is pending IRS processing.
Dan (School Board member) updated the Budget Committee on the status of the Brentwood school solar project financing and related federal tax‑credit paperwork.
He said the district executed the bond sale in January and obtained final rates; the final bond pricing reduced anticipated costs by about $1,000 from earlier estimates. “The bond is going to be repaid on a fixed repayment…
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