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Colleton County holds first reading on up-to-$15M general-obligation bond; executive session set to refine terms
Summary
Council gave first reading to an ordinance authorizing up to $15 million in general-obligation bonds to maintain county operations and capital projects, and entered executive session to receive legal and financial advice; second reading and a public hearing were scheduled to finalize amounts.
Colleton County Council held a first reading on Feb. 9 of an ordinance to authorize general-obligation bonds with an aggregate principal not to exceed $15,000,000.
County administration said the reading was intended to start the statutory process: bond counsel and the county’s financial advisor will refine the exact borrowing amount…
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