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Nelson County approves up to $25 million in school bonds for high school renovation
Summary
After a public hearing, the Nelson County Board of Supervisors unanimously approved a resolution to issue up to $25 million in general obligation school bonds (anticipated ~$22.07M) through the Virginia Public School Authority to finance renovations and safety upgrades at Nelson County High School.
The Nelson County Board of Supervisors voted unanimously March 11 to authorize up to $25 million in general obligation school bonds to finance renovations and upgrades at Nelson County High School.
At an evening public hearing, County Administrator Candice W. McGarry presented the bond parameters: a not-to-exceed principal amount of $25 million, an anticipated borrowing amount of $22,065,327, semiannual interest payments beginning Jan. 15, 2026, principal payments beginning July 15, 2028, a…
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