Albany utility board votes to recommend using SPLOST funds to pay off GPO loan
The board recommended to the city commission that SPLOST 5/6/7 funds be used to pay off an outstanding GPO loan for the East‑West interceptor project, a move staff said would save roughly $359,000 in interest but would change the city's borrowing posture.
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The Albany Utility Board voted on Oct. 9 to recommend that the city commission approve early payoff of a GPO loan used for the East‑West interceptor project, proposing to use a combination of SPLOST 5, 6 and 7 sales‑tax funds to cover the payoff.
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