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Hot Springs board approves $2.19 million financing package for 2026 capital purchases under Amendment 78
Hot Springs Board of Directors · February 5, 2026
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Summary
The board adopted Ordinance O‑26‑06 on Feb. 3 to authorize short‑term financing with US Bancorp Government Leasing & Finance for $2,187,547 in 2026 equipment and vehicle purchases and declared an emergency to lock a 3.628% rate.
The Hot Springs Board of Directors voted on Feb. 3 to adopt Ordinance O‑26‑06 authorizing a financing agreement with US Bancorp Government Leasing & Finance Inc. to provide short‑term financing under Amendment 78 of the Arkansas Constitution for capital acquisitions totaling $2,187,547.
Finance Director Karen Scott told the board…
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