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MUC plans to convert the variable rate bonds to fixed rates if variable rates start upward and hit a certain trigger point.
Tuesday, December 04, 2012
December 4, 2012 MUC Seeks City Approval for $7 Million Bond Issue
MUC (Morristown Utilities Commission) will ask City Council to approve a seven-million dollar variable rate bond issue for construction of electric substations at this afternoon's 5:00 council meeting.
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MUC plans to convert the variable rate bonds to fixed rates if variable rates start upward and hit a certain trigger point.
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MUC plans to convert the variable rate bonds to fixed rates if variable rates start upward and hit a certain trigger point.
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