City lands more federal funds

By By Clif Knight, Hartselle Enquirer
Hartselle is receiving yet another slice of federal money, this time through the Morgan County Commission.
Hartselle was awarded American Recovery Zone Bonds totaling approximately $ 4.2 million as a result of action taken by the Morgan County Commission at its meeting on Tuesday.
At the same time, Athens State University was awarded $3.2 million in the same bonds.
The commission announced a $7.2 million allocation of the bonds at a previous meeting and invited public entities to make requests. Hartselle asked for $7.2 million as a part of an $18 million bond issue it is in the process of selling to help finance the a new high school, estimated at a cost of $40 million.
ASU was seeking help to finance an estimated $8 million Downtown Deca-tur Arts Center, and got what it asked for.
The Recovery Zone bonds are eligible for a 45 percent recovery of interest over the 30-year life of the bonds.
District 4 Commissioner Greg Abercrombie wanted Hartselle to receive a $5.6 million instead of a $4.2 million share of the bonds.