Feb 20, 2014 9:33 AM by AP (Photo courtesy MGN Online)
The State Bond Commission has approved refinancing for two Vernon Parish school districts to save about $449,000.
State Treasurer John Kennedy tells The Town Talk the action came at a meeting in which the commission approved about $31 million in funding for public projects.
He said taxpayers in Vernon Parish will benefit because the school board took advantage of lower interest rates to refinance debt and save nearly half a million dollars.
The Vernon Parish Orange School District No. 145 will refinance $3.1 million in General Obligation School Refunding Bonds, generating about $317,000 in savings.
The Vernon Parish School District No. 151 will refinance $1.38 million in General Obligation School Refunding Bonds, saving about $132,000.