Hamilton County Commission to vote on $90 million credit line - WRCBtv.com | Chattanooga News, Weather & Sports

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Hamilton County Commission to vote on $90 million credit line

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CHATTANOOGA, TN (Times Free Press) -

Hamilton County Commissioners will vote next week to approve or reject a revolving $90 million credit agreement with U.S. Bank National Association.

The credit line brought much discussion last month from commissioners, who tabled the initial resolution to seek the credit line over what some considered a wide window for potential interest rates.

The issue in July came over a 12 percent upper limit interest rate on the coupon rate to sell the bonds in the future.

Read more from our news partners at the Chattanooga Times Free Press.

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