|
|
Nevada County Picayune and Gurdon Times Newspaper Archive |
Prescott Distr. Seeks Revolving Loan For Insurance ShortfallsPublished Wednesday, September 11, 1996 in the Nevada County PicayuneAt this time, the Prescott School District is not sure its insurance will pay 100 percent of the cost to rebuild Prescott High School. Because of this, the Prescott School Board, in a special meeting last week, decided to apply fora revolving loan from the Arkansas Department of Education for $392,000. "This gives us money in case it's needed above what the insurance pays," Don Johnston, Prescott superintendent, said. The ADE will decide on the application in its Oct. 14 meeting. Johnston said the board made the decision to apply now so the paperwork could be done and the application submitted in a timely manner. However, Johnston said, if the insurance does pay the complete cost of reconstruction, the district doesn't have to accept the loan. But, if the money is needed, the district will have eight years to repay it. The only other item of business conducted was to hire kindergarten teacher Debbie Brannon. This was done because of an increase in enrollment. Search | Nevada County Picayune by date | Gurdon Times by date |
|
Newspaper articles have been contributed to the Prescott Community Freenet Association as a "current history" of our area. Articles dated December 1981 through May 2001 were contributed by Ragsdale Printing Company, Inc. Articles June 2001 to ? were contributed by Better Built Group, Inc. Articles ? to October 2008 were contributed by GateHouse Media. Ownership of all Nevada County Picayune content from the beginning of the newspaper, including predecessors, until May 2001 was contributed by the John and Betty Ragsdale family to the Prescott Community Freenet Association. Content on this site may not be archived, retransmitted, saved in a database, or used for any commercial purpose without express written permission. Web hosting by and presentation style copyright ©1999-2009 Danny Stewart |