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School board approves bonds to pay off IPP, other debt
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The Kershaw County School Board of Trustees unanimously approved the issuance of a general obligation bond for payments under the Installment Purchase Plan (IPP) and other debt payments at their Tuesday night board meeting. The annual bond resolution will not exceed $13 million this year and will be sold “in one or more series” during the current fiscal year that will include both tax-exempt and taxable designations. The nature of the proceeds will determine whether they are taxed or not, according to Kershaw County School District Chief Financial Officer Donnie Wilson.