Huron to apply for bonds

NEW BOSTON, Mich. - Huron Schools will apply for $9.8 million in federal stimulus funds for new classrooms, technology and other improvements, according to The Monroe News.

The interest-free loans are available under the Federal Recovery and Stabilization Act of 2009. About $325 million in bonds is available to school districts in Michigan, The News reported; each district can apply for up to $15 million in aid.

Huron Schools would add six classrooms to Miller Elementary and upgrade its gym and cafeteria, and the high school and junior high school would be the site of varied improvements, including swimming pool repair and converting a lab into classrooms, according to The News.

The district would have to repay the principal amount of the loan, but with no added interest, The News reported.

The Monroe News, "Huron eyes stimulus for upgrades," Jan. 9, 2010

Mackinac Center for Public Policy, "A Michigan School Money Primer: Revenue Sources," May 30, 2007