Rockingham County Board of Supervisors Meeting Agenda April 8, 2026
County Approves $12.6 Million School Bond via VPSA
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Description
Rockingham County approved issuing up to $12.6 million in General Obligation School Bonds to be sold to the Virginia Public School Authority to finance the McGaheysville Elementary School project and related issuance costs. The bonds will be repaid over a term of up to 30 years with a maximum true interest cost of 5.50%.
Contract Details
Contract Amount
Not to exceed $12,600,000
Vendor
VIRGINIA PUBLIC SCHOOL AUTHORITY
Agency
Rockingham County, VA
Contract Type
FINANCIAL_SERVICES
Document Date
April 6, 2026
Contract Term
Up to 30 years from issuance and delivery of the bond
Renewal Info
Single bond issuance under the Public Finance Act with final maturity not to exceed 30 years; callable beginning July 15, 2036 under specified redemption premiums and subject to VPSA consent.
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