From WTVA The Lowndes County School District has awarded the sale of $44 million in bonds to Raymond James and Associates of Memphis.
The 3.04 percent interest rate over 17 years was the lowest among four bidders.
The district may hire an investment firm to invest part of the money until it’s needed during the next 18 months to two years.
Lowndes County voters approved the bond issue earlier this year to pay for improvements at West Lowndes, a new high-tech career center, a new New Hope High School, athletic facility at Caledonia and other projects.
The bond sale should be completed by September 15th.Planning for the construction projects has been under way for more than a year.0