What interest rates are we paying on our bonds?
The sewer bonds carry an interest rate of 4.25%. There are two series of water bonds, $1,700,000 at 4.25% and $913,000 at 4.375%. The terms for all the bonds are 40 years. Should financing elsewhere become available at the same or better terms, ALPUC is required to refinance. USDA does not refinance.