15 May, 2009 Eastman Water and Sewerage Bonds
On May 7, 2009, the City of Eastman, Georgia issued a $7,395,000 water and sewerage revenue bond through USDA – Rural Development. Gray & Pannell LLP acted as bond counsel to the City. The revenue bond was issued to construct additions and improvements to the water and sewerage system of Eastman.
Gray & Pannell LLP works regularly as bond counsel to smaller communities throughout the State of Georgia issuing debt through the USDA Rural Development program. USDA Rural Development makes loans and grants to help finance utilities and communitity facilities to areas of less than 25,000 people. For more information regarding this program, please contact our offices or visit www.rurdev.usda.gov.