North Carolina’s Local Government Commission has approved nearly $1.3 Billion in financing requests, including several that will benefit communities in eastern North Carolina.
$17 million in limited obligation bonds were approved to build a new, larger welding building at Pitt Community College, which is expected to almost double student enrollment in the welding program.
The City of New Bern received approval for a $2.2 million installment purchase contract to buy and update a building for use as the Electric Operations Building.
In Winterville, a $7.3 million State Revolving Fund loan will fund sewer pump station rehabilitation.
The City of Jacksonville will be allowed to take out revenue bonds for water/sewer funding in the amount of $4.1 million.
And a $574,614 State Revolving Fund loan will allow the Town of Wallace to fund inspection and repair of aging sewer lines and rehabilitate 52 manholes.
