$2.6m Loan for Airport Authority Ok'd

Summary


LOMA LINDA - The Inland Valley Development Agency board, meeting here Wednesday, unanimously approved a $2.6 million loan to the San Bernardino International Airport Authority.

The loan will allow the SBIAA to partially repay loans made by several area cities and San Bernardino County. Under the agreement, the 10-year loan will be made on Sept. 1 at an interest rate of 2 percent.

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Extract


$2.6m Loan for Airport Authority Ok'd

An additional $2.6 million loan should be approved in the nex...

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