Clyburn statement on availability of funds for new school in Denmark-Olar School District
September 12, 2016
The U.S. Department of Agriculture’s (USDA) Office of Rural Development has announced approval of a direct loan through its community facilities program of $38 million for a new K-8 school, renovated high school, athletic facilities, and district administrative offices in Denmark, South Carolina to serve the Denmark-Olar School District (Bamberg School District 2).
In response to the above announcement Congressman Jim Clyburn released the following statement:
“At the request of officials and representatives of Denmark-Olar School District, I was pleased to work with USDA in support of their application. Schools are the anchors of our communities and provide the foundation our children need to secure a productive future.”
Clyburn continued, “The state of disrepair in many of South Carolina’s rural schools has been well documented. When completed, this facility will be a state of the art investment in Bamberg County’s children.”
The loan USDA is offering would be paid back over 40 years at 2.75 percent interest.
