Two Triad communities received approval Tuesday to issue bonds toward infrastructure improvements from the state's Local Government Commission.
The city of High Point received permission to issue $40 million in revenue bonds. Proceeds could be used for water and sewer system extensions, additions and capital improvements that include installation of new equipment.
Yadkin County Schools was approved for $2 million in financing to install lighting and HVAC energy conservation measures at school facilities.
The commission, with state Treasurer Brad Briner as chairman, has a statutory duty to approve most debt issued by local governments and public authorities.
The commission examines whether the amount of money that units borrow is adequate and reasonable for proposed projects, and confir