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Brentwood board says bond anticipation note paid; solar array now online, federal rebate process underway
Summary
At its Feb. meeting the Brentwood School District board heard that the bond anticipation note has been paid, the district solar array began producing power, and staff will pursue an IRS rebate/tax-credit process. Central office staff presented the financial manifests and answered questions about technology and reserves.
The Brentwood School District board at its meeting on an evening in February heard that the district has paid off a bond anticipation note and that the new solar system on a school building is producing power.
Central office staff told the board a payment tied to the bond issuance was completed after funds arrived from the bond bank, and that subsequent payments will be standard bond payments. "When we got the funds from the bond bank, we then paid off the bond anticipation note," a central office staff member said during the…
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