Wednesday, December 19, 2012

Hard Labor Creek Loan Put Forward For January Vote at Oconee County Board of Commissioners Meeting

Repayment Plans Not Specified

The Oconee County Board of Commissions took the first step last night toward acceptance of $5.8 million in new debt for construction of the Hard Labor Creek Regional Reservoir in Walton County.

The action followed approval earlier in the day by the Hard Labor Creek Regional Reservoir Management Board of loan documents from the state of Georgia that will allow Oconee County and Walton County to receive a $20 million loan from the Georgia Environmental Finance Authority (GEFA) for construction of the reservoir dam.