City officials OK financial plan for Little Rock solar array

Arkansas Times

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City officials OK financial plan for Little Rock solar array

The Little Rock Board of Directors took another step toward a city-owned solar array Tuesday evening with the approval of a $12 million plan to finance the acquisition, construction and installation of the project. The ordinance approved Tuesday describes a short-term note totaling $12 million, which the city would borrow from a bank and pay back within five years. About one-third of the total cost is expected to be covered with federal funds th…