Ordinance enacted for issuing general obligation bonds up to $7,995,000.
Official Courthouse Record · AI-summarized for clarity
What You Should Do Next
- 1
Review the Ordinance
Examine the full text of the enacted Ordinance at the Office of the Commissioners, Cambria County Courthouse, during business hours from 9:00 a.m. to 4:00 p.m.
- 2
Contact for Questions
If you have any questions regarding the Ordinance or the bond issuance, contact Alex Ashcom, Chief Clerk, at (814) 472-1604.
- 3
Note Interest Rate
Be aware that the maximum interest rate on the bonds is set at 6.00%, which may affect future financial planning.
- 4
Stay Informed on Updates
Keep an eye on future announcements from the County regarding the bond issuance and any related financial matters.
Frequently Asked Questions
- What is the purpose of the ordinance enacted by Cambria County?
- The ordinance authorizes the incurring of nonelectoral debt through the issuance of bonds.
- Where can I view the full text of the ordinance?
- The full text can be examined at the Office of the Commissioners in the Cambria County Courthouse.
- What is the maximum interest rate for the bonds?
- The maximum interest rate on the bonds is 6.00%.
- Who will purchase the bonds issued by Cambria County?
- The bonds will be purchased by Stifel, Nicolaus & Company, Incorporated.
- When was the ordinance enacted?
- The ordinance was enacted on February 12, 2026.
The above suggestions and answers are AI-generated for informational purposes only. They may contain errors. NoticeRegistry assumes no responsibility for their accuracy. Consult a qualified professional before taking action.
Full Notice Text
COUNTY OF CAMBRIA ENACTMENT NOTICE UNDER LOCAL GOVERNMENT UNIT DEBT ACT Notice is hereby given that the Board of Commissioners of the County of Cambria, at a meeting held on February 12, 2026, enacted an Ordinance summarized as follows: AUTHORIZING THE INCURRING OF NONELECTORAL DEBT BY THE ISSUANCE OF GENERAL OBLIGATION BONDS IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED SEVEN MILLION NINE HUNDRED NINETY-FIVE THOUSAND DOLLARS ($7,995,000.00); COVENANTING TO PAY, AND PLEDGING ALL AVAILABLE TAXING POWER OF THE LOCAL GOVERNMENT UNIT FOR THE PAYMENT OF, THE BONDS; ESTABLISHING A SINKING FUND AND APPOINTING A SINKING FUND DEPOSITORY; FIXING THE FORM, MAXIMUM INTEREST RATES, MATURITY DATES AND OTHER PROVISIONS FOR THE PAYMENT THEREOF; AUTHORIZING THE ACCEPTANCE OF A PROPOSAL FOR THE PURCHASE OF THE BONDS; AUTHORIZING A FILING OF REQUIRED DOCUMENTS WITH THE DEPARTMENT OF COMMUNITY AND ECONOMIC DEVELOPMENT; RATIFYING AND DIRECTING CERTAIN ACTIONS OF OFFICERS; AND MAKING CERTAIN OTHER COVENANTS AND PROVISIONS IN RESPECT OF THE BONDS. The Ordinance was not amended from its proposed form upon final passage. The maximum interest rate on the Bonds, once issued, is 6.00%. The Bonds will be purchased by Stifel, Nicolaus & Company, Incorporated at a purchase price of not less than 95.00%, inclusive of net original issue discount/premium, if any, together with accrued interest to the date of delivery. The full text of the Ordinance as enacted may be examined and inspected by any citizen from 9:00 a.m. to 4:00 p.m. on regular government business days at the Office of the Commissioners, Cambria County Courthouse, 200 South Center Street, Ebensburg, PA 15931. COUNTY OF CAMBRIA Alex Ashcom, Chief Clerk (814) 472-1604