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L-EWA approves early bond arrangements
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The Lugoff-Elgin Water Authority (L-EWA) Board unanimously voted Dec. 6 to give L-EWA General Manager Mike Hancock the authority to arrange the details of paying off two bonds totaling approximately $2.9 million. Hancock said the bonds would not be eligible for repayment until May 2013, but noted the L-EWA needed to approve the proposal in order to begin preliminary work. “We are discussing it now because of the different expenses we may face between now and then and to better plan the budget for the next fiscal year, which begins in July 2013,” Hancock said.

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