• Submitted by:

    Select Board

  • Title:

    Transfer of unexpended bond proceeds and rescissions

  • Summary:

    The Ridley School project is complete and there is a surplus in the project budget. This article allows the Town to redirect funds already borrowed to a project for any purpose for which a loan may be incurred for an equal or longer period of time than that for which the original loan was issued. The article also allows the Town to rescind the remaining authorized but unissued amount.