The Nevada Irrigation District has saved over three-million dollars from refunding bonds that financed a critical pipeline project nearly a decade ago. Public Information Officer Tomi Riley says it’s part of the district’s proactive ways to manage its financial resources…
Riley says that allowed them to take the interest rate down from three-point-eight percent to one-point-five percent. She says the original bonds funded the Banner pipeline project, to ensure reliable water deliveries to the Grass Valley and Nevada City areas, one of their biggest customers…
The savings also equate to about 226-thousand dollars a year.
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