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Commissioners authorize $30 million general obligation bond sale to fund previously approved capital projects

2571654 · March 12, 2025
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Summary

The board approved a resolution authorizing the sale and issuance of $30 million in general obligation bonds to finance previously approved capital projects; staff cited an estimated interest rate of about 3.76 percent pending rating presentations.

The Commissioners of St. Mary’s County voted Tuesday to authorize the sale and issuance of $30,000,000 in general obligation bonds to fund previously approved capital projects.

Deputy Director of Finance Joy Sapp told commissioners the county and its financial advisors are working with bond counsel and rating agencies; First Tryon Advisors provided an updated…

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