Created on Friday, 18 May 2012 14:01 Published Date Hits: 892
Referencing the April 19 article about School District 2 levies and bonds, Interim Superintendent Jack Copps said the most attractive feature of the bonds is that the federal government will pay the interest. The federal government also subsidized the 2010 SD2 levies by paying the interest on those bonds as well.
These subsidizes are a result of the American Recovery and Reinvestment Act/School Infrastructure Bond Programs passed by Congress through the urging of President Obama in February 2009. Sens. Max Baucus and Jon Tester voted for the Act while Rep. Dennis Rehberg voted against it.