AMORY – The Amory School Board has started the process of issuing bonds for construction of new classrooms and for other capital improvements.
The board passed a resolution that states its intent to borrow about $3 million and to issue notes for the money. The district plans to issue both bonds for interest-free qualified school construction bonds and to also borrow about $800,000 in interest-bearing bonds. The district has up to two years to issue the notes.
The $3 million is part of stimulus funds. The remainder of the money the district is seeking, about $800,000, is mainly to replace aging buses and for other improvements to the district’s buildings and grounds.