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Rockcastle County board and finance corporation authorize bonds and related financing steps for school projects
Summary
The district's finance corporation read a resolution to issue up to $40 million in school building revenue bonds, and the board approved a related contract, an engagement letter and a separate general‑obligation bond resolution (Series 2024) not to exceed $16 million to lower interest costs.
Members of the Rockcastle County School District Finance Corporation and the Board of Education moved through a series of financing steps intended to fund school building projects.
During the corporation meeting a resolution was read authorizing issuance of school building revenue bonds not to exceed $40,000,000 to provide funds for school building purposes…
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