Stafford County Board of Supervisors Meeting Agenda April 2026
County Plans $65M VPSA School Bond Issuance
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Description
Stafford County plans to issue up to $65 million in general obligation school bonds to the Virginia Public School Authority to finance multiple school replacement, expansion, and rehabilitation projects identified in the FY2027-2036 Capital Improvement Program. The issuance will occur in one or more series, with detailed terms to be approved in subsequent Board actions.
Contract Details
Contract Amount
Not to exceed $65,000,000
Vendor
VIRGINIA PUBLIC SCHOOL AUTHORITY
Agency
Stafford County, VA
Contract Type
FINANCIAL_SERVICES
Document Date
April 28, 2026
Contract Term
FY2027 bond issuances in Fall 2026 and Spring 2027; 30-year repayment assumed for related revenue bonds (separate)
Renewal Info
One-time general obligation bond issuance; future series or refundings would require separate Board action.
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