Jasper County Council Meeting Agenda May 4, 2026
County novates USDA fire protection bond to new district
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Description
Jasper County will novate its existing $1.308 million Cherry Point fire protection general obligation bond held by USDA Rural Development to a new Series 2026 bond for the Jasper County Rural Fire Protection District. The new bond preserves the original interest rate and 2053 maturity while shifting the taxing area to the consolidated fire district.
Contract Details
Vendor
UNITED STATES DEPARTMENT OF AGRICULTURE RURAL DEVELOPMENT
Agency
Jasper County, SC
Contract Type
FINANCIAL_SERVICES
Document Date
May 2, 2026
Contract Term
Original bond maturing April 13, 2053
Renewal Date
2053-04-13
Renewal Info
Novation replaces the Series 2023 bond with a Series 2026 bond on identical financial terms but with a new taxing district; debt remains outstanding through April 13, 2053 unless prepaid.
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