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Octorara Area School Directors approve $17.5 million bond purchase agreement with Raymond James
Summary
The Octorara Area School District board approved a bond purchase agreement with Raymond James and Associates Inc. for $17,500,000 to fund capital projects. Two directors abstained because of relationships with Raymond James; the board discussed that the published figure was an example and that interest-rate lock would occur after approval.
The Octorara Area School District Board of Directors approved a bond purchase agreement with Raymond James and Associates Inc. for $17,500,000 to fund capital projects during a board meeting. The motion passed after brief discussion; two directors abstained because of personal or business relationships with Raymond James.
An unnamed board director said, "I'll be abstaining from this vote…
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