Local Brown County schools thanking Rep. Eric Koch

From the Brown County Democrat:

School corporations with loans made through this act may repay them from any source of revenue, as well. By not limiting the funds from which schools can repay these loans, the act allows a greater flexibility that saves schools from being bound to funds that may be struggling or unable to repay the loans.

Brown County Superintendent of Schools David Shaffer had been waiting for news on the bill when contacted last week to discuss House Enrolled Act 1125 (2008).

"You've given me very good news this morning," he said, after discussing potential applications for the loans, which could include paying off tax anticipation warrants as they come due.

Now that the bill has the Governor's signature, Mr. Shaffer will begin an in-depth analysis of possible uses, looking for areas and situations where such loans can be used to greatest effect.

"I want to acknowledge Representative Koch," Mr. Shaffer noted.