Rockingham County Board of Supervisors Meeting Agenda April 8, 2026
County approves $12.6M school bond sale to VPSA
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Description
The Board of Supervisors approved issuing up to $12.6 million in General Obligation School Bonds, Series 2026, to be sold to the Virginia Public School Authority. Proceeds will finance construction, renovation, and equipping of McGaheysville Elementary School and related costs, with repayment over a term of up to 30 years.
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; principal installments beginning July 15, 2027
Renewal Date
2056-07-15
Renewal Info
This is a one-time general obligation bond issuance with maturities up to 30 years; no renewals, but VPSA may later refund its bonds, passing savings to the County via revised debt schedules.
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