The Harrison County School Board is taking advantage of low interest rates.
“Interest rates are real low right now,” Joe Nance, bond specialist for Ross, Sinclair & Associates, told the school board at its Tuesday evening meeting.
The refunding of school revenue bonds, at a new interest rate of 1.15 to 3.25 percent, would save the school district $6,400 per year for 11 years, Nance said.
The savings would total $70,405.
The previous interest rate for the set of bonds issued in 2001 was 4.7 to 5 percent.