EC School Board Apporves Line of Credit

August 1, 2014

The Board of Education voted on the lowest line of credit in the past four years at a called meeting on Thursday evening.

The line of credit is provided by Pinnacle Bank for 2 million dollars at a fixed rate of 1.03%.

The Board of Education says that there is a good chance they will not need this money, but they wanted a contingency in case the state does not pay them on time.

The line of credit was approved after a unanimous vote and The Board of Education will be moving forward with Pinnacle Bank.