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Starr County approves $1.695 million SIB loan and certificates of obligation
Summary
Starr County Commissioners approved a $1.695 million State Infrastructure Bank loan and issued certificates of obligation to fund county projects; commissioners said the measures will not raise the county tax rate.
Starr County Commissioners' Court approved a $1.695 million State Infrastructure Bank (SIB) loan on Monday and moved ahead with issuing certificates of obligation to cover related financing needs.
A county staff member told the court the SIB loan is "in the amount of 1.695 million at a 3.93 interest rate payable over 20 years," with interest-only payments in the early years and the…
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