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North Harrison board authorizes refunding of 2015 and 2016 building bonds to seek interest savings
Summary
The North Harrison Community School Corporation board on March 12 unanimously approved resolutions authorizing refunding of bonds issued in 2015 and 2016 to pursue lower interest costs when market conditions permit; officials cited prior estimates of about $323,000 in potential savings and more recent estimates in the roughly $228,000–$280,000 range.
The North Harrison Community School Corporation board on March 12 approved resolutions authorizing the refunding of school building bonds originally issued in 2015 and 2016, actions officials said are intended to lower the district’s interest costs when market conditions are favorable.
Marcus Burger presented the measures for two building corporations associated with district projects and said the district previously estimated about $323,000 in potential savings from a refunding…
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