Etowah school board joins school bond pool

The Etowah County Board of Education has approved using a hundred thousand dollars as leverage In a statewide pool with expectation of having 1.3 million dollars for capitol projects in the school system.  The board Tuesday approved participation in the Alabama Public School and College Authority School Bond Program for 2013.The board agreed to use $100,000 of the systems $800,000 allocated each year for capital improvements or issues associated with buildings.Supt. Alan Cosby said by paying $100,000 into the 2013 pool leverage bond program, the system will gain the $1.3 million.  That amount must be used for capital improvements and projects and is in addition to the funds already designated for construction projects at Duck Springs, Glencoe and Sardis schools.  Cosby said no decision has been reached about which projects the money will be used for.