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A lower interest rate?

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City seeks loan repayment change

Ruston City Council members this month introduced an ordinance that, if approved in July, might save the city some money on repaying a loan.

City treasurer Emmett Gibbs said the city currently has a bond issue agreement with the Department of Environmental Quality.

“The city essentially borrowed around $18 million from the DEQ loan program to construct a new wastewater treatment plant a few years ago,” Gibbs said.

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