Clock ticking on county’s use of low-interest stimulus money
Published 11/18/2009, The Daily Republic
The clock is ticking on Davison County’s access to nearly $8 million in low-interest, federally backed bonds, the county commissioners learned Tuesday at the courthouse.
John Claggett told fellow commissioners during an informal conversation that the county is being asked by the state to use or lose nearly $8 million in bonding authority for economic-development projects. If the bonding authority goes unused, it would be returned to a state pool so it can be used to finance other projects in communities around the state.