Utility board backs recommendation to use SPLOST funds to pay off interceptor loan
The board voted to recommend the city use SPLOST 5/6/7 funds to pay off the GPO loan for the East‑West interceptor, a move staff said would save about $359,000 in interest but would reallocate SPLOST balances; commissioners asked for a clearer explanation for the city commission.
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The Albany Utility Board voted Oct. 9 to recommend the city pay off the outstanding GPO loan for the East‑West interceptor using a mix of SPLOST funds (SPLOST 5, 6 and 7), a proposal staff said would save roughly $359,000 in future interest.
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