http://www.delawareonline.com/apps/pbcs.dll/article?AID=/20070905/NEWS/709050424/1008/NEWS03
Delaware's economic development director has denied a charter school's request to take advantage of low interest rates on state bonds for repayment of debt. The state's 1995 charter legislation directed that state funds be used to support operations, but not facilities. Delaware Military Academy requested the lower-cost financing option and officials said state bond authority could have saved the school between $100,000 and $120,000 in annual interest costs. State Education Secretary Valerie Woodruff said she was not familiar with all the facts in this case but said that charter facility funding needs to be resolved. "These are controversies that have been swirling ever since the original law was passed back in 1995...It's an issue that needs to be settled."
Source: The News Journal
Date: 09/09/2007
Note: Please be aware that online publishers often change URLs or no longer provide access to articles after 7 days. If the above link no longer works, access the publishing newspaper and search the archives for the keywords in the subject matter. Good luck.
