School district receives interest-free bonds

The Beaufort County School District's application for $10 million in interest-free school construction bonds through the federal American Recovery and Reinvestment Act has been approved, according to superintendent Valerie Truesdale.

A news release from the school district estimates the bonds will save taxpayers between $3.7 million and $5.3 million.

The district also sold $62 million in bonds at 3.03 percent interest last month.