Schools approach taxpayer-backed bond sale
Oconee school trustees are scheduled to authorize a $16.5 million general obligation bond issue next week that’ll generate money to continue work on the new career center, as well as pay for other capital projects, technology and equipment. Gloria Moore, the district finance director, says each year $500 thousand dollars is allocated for technology expenses—most of which benefit schools countywide. According to a resolution in front of the county trustees, an Atlanta, Georgia bank will have a role in the bonds sale. It’s proposed that Regents Bank serve as the registrar/paying agent. Which means that if you buy a block of the bonds, your interest payments will be issued by that bank.