The Vendor is required to provide bond counsel in an amount not to exceed a face value of $50 million to fund authority solar for schools loan program.
- Repay the bond from a revolving loan fund established by the loan and interest payments from school district borrowers.
- Bond resolution are set forth in authority governing statute at 71 p.s. § 720.7, but not all of those details are known yet, so the February motion merely started the process.
- Bond counsel to advice and support through all stages of this issuance.
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