Greene legislators OK bond refinancing
Jan 19, 2011 10:05 pm
Ariel Zangla-Girard in The Daily Freeman reports that Greene County legislators adopted a resolution Wednesday allowing the Treasurer’s Office to refinance the county’s outstanding bonds to save money. The resolution authorizes the county treasurer’s office to refinance up to $12.5 million in current outstanding bonds. Officials said refinancing would only be done when money can be saved and would not increase the length of time in which the bond would be repaid. The resolution, The Daily Freeman reports, does not apply to the bonds that were taken out to pay for the renovation of the Greene County Courthouse. "New treasurer Peter Markou said the resolution was suggested by the county’s financial advisors because there are times when Greene would have to act quickly to take advantage of lower interest rates on bonds," the story said.