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| Bond sale accepted for expansion |
| By The Mississippi Press |
| Published: 12/17/2008 |
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MISSISSIPPI - The George County Board of Supervisors approved a bond sale for $2.36 million on Tuesday to build a 96-bed jail expansion. The supervisors approved a bid from Duncan and Williams Inc. of Memphis, Tenn., to pay a 4.54 percent rate on the 20-year bond. The other bid came from FTN Capital with an interest rate of 4.96 percent. Lynn Norris, a financial adviser with Government Consultants Inc. of Jackson, said a 5.25 percent interest rate had been forecast on the project. "Both are very good bids," he said at Tuesday's meeting. Read more. If link has expired, check the website of the article's original news source. |
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