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Hernando County OKs $6 million, 10-year note to finance fleet purchases
Summary
The Board approved a $6 million Series 2025 note with a 10‑year term and 3.53% interest to fund vehicle and heavy-equipment purchases for county departments.
The Hernando County Board of County Commissioners voted 5-0 on May 27 to authorize issuance of a series 2025 note to finance fleet vehicle and heavy-equipment purchases.
Finance Director Josh Stringfellow told the board the loan award from TD Equipment Finance carries a 10‑year term at a 3.53% interest rate and will fund purchases the county already made under a prior reimbursement resolution. "The rate on this loan is 3.53%, which we feel is a great…
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