County schools to receive nearly $200,000

On Monday, Gov. Timothy M. Kaine announced $4.1 million in refinancing savings would be distributed to 31 Virginia school divisions.

Of this funding, Loudoun County Public Schools would receive $192,307.

The savings result from the issuance by the Virginia Public School Authority of $114.2 million in School Financing Refunding Bonds, Series 2009, which was completed March 12.

Loudoun can expect its funds around mid-July.

"I am delighted that we have been able to provide some additional budget relief for these localities in 2010," Kaine said.

Localities receiving the savings were participants in four earlier VPSA bond issues that were refunded by the 2009 bonds.




By: Gissel Ansari