Baker school system to seek loan from state Bond Commission
BAKER - The Baker School Board has voted to ask the state Bond Commission for approval to sell up to $12 million in bonds to repair damage to Baker High, the only Baker school affected by the August flooding.
The Advocate reports board member Elaine Davis says the bonds would not affect the amount of taxes for the citizens of Baker.
School board attorney Winston DeCuir says the Federal Emergency Management Agency is expected to pay ninety percent of the cost of restoring Baker High and the school district will be responsible for the rest.
DeCuir says all funds the school system received from FEMA would be earmarked for paying off the bonds and any remaining amount would have to be covered by the district.