ADICA calls special bond meeting -, South Georgia News, Weather, Sports

ADICA calls special bond meeting

By LeiLani Golden - bio | email

ALBANY, GA (WALB) –  Members of ADICA called a special meeting Thursday to discuss county bond funding.

The bonds are being refinanced at lower interest rate. The bonds, originally issued in 1999, and will keep the same expiration date of 2016. The refinancing will add a big chunk of change to the county budget.

"This will give the county a little over half a million dollars more that they save by not paying out the original term of the bond," explained Albany City Attorney Nathan Davis.

A bond hearing will be held on April 5th by the superior court judge. Bonds are expected to start selling around mid-April.


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