Hamilton County commissioners unanimously voted Wednesday to approve the county entering a new $90 million line of credit to replace its current commercial paper system.
The vote came after several weeks of discussion on the topic by the group. The process for entering the credit line began in July, when commissioners voted to approve the beginning of a request for proposals process.
There was little discussion on the matter Wednesday before the line was approved. The new line will go toward projects around the county, using short-term debt. The line will be administered by U.S. Bank National Association.
Currently, Hamilton County boasts AAA credit ratings from the nation's major rating agencies.
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