District officials move into position to receive stimulus funds
To ensure that the Muskego-Norway School District is eligible for federal economic stimulus money in the form of zero-interest construction bonds, the School Board on Monday approved borrowing authority of $3 million.
"That doesn't mean we have to borrow or do any projects," Scot Ecker, director of business services, said.
The state, which will award the construction bonds in spring, requires districts to have borrowing authority at the time the bonds are granted, he said.
If the district gets the zero-interest bonds, the School Board would like to do several energy-saving projects. The projects will save enough money to pay off the loan, Superintendent Joseph Schroeder said.
The board is working with an energy consultant which guarantees a certain dollar amount of energy savings. If the improvements do not yield that much, the company will cut the district a check, Schroeder said.
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