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BOND REFINANCING TO SAVE BCWA OVER $525K

 

On August 1, 2012, the Bristol County Water Authority completed a successful bond refinancing that will save the Authority over $525,000 during the next 5 years. 

 

The refunding bonds were purchased by The Washington Trust Company at a fixed interest rate of  1.97%. 

 

The Authority has plans to utilize the savings to begin an infrastructure replacement fund to handle ongoing capital projects.

 

 

 

 

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