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Sevier County budget committee authorizes up to $10 million in general obligation bonds
Summary
The Sevier County Budget Committee on Sept. 7 unanimously approved Resolution 2023-XX-XX to authorize issuance of up to $10 million in general obligation bonds; Cumberland Securities said its fee would not exceed 0.5% (about $50,000) and paperwork will go through the State Comptroller’s Office.
Sevier County officials unanimously authorized the issuance of general obligation bonds in an amount not to exceed $10,000,000 during the Budget Committee meeting Sept. 7.
Mayor Larry Waters presented Resolution 2023-XX-XX asking the committee to approve the bond authorization. Waters recognized Joe Ayers of Cumberland Securities to explain the bond…
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