Charles Commissioners Adopt Bond Resolution - Southern Maryland Headline News

Charles Commissioners Adopt Bond Resolution

LA PLATA, Md. (March 19, 2010)—On March 9, the Charles County Commissioners adopted a bond resolution that will enable the County to issue general obligation bonds in the amount of $30,000,000 for the purpose of financing and refinancing capital improvement projects.

In late February, the Commissioners traveled to New York to meet with three bond rating agencies. Standard and Poor’s, Fitch, and Moody’s are expected to issue the County’s bond ratings the week of March 22, 2010. Following the issuance of the ratings, the County will then bid their bonds on April 6, 2010.

Source: Charles County Government

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