KNOXVILLE (WATE) - Knox County Mayor Tim Burchett put his signature on a new two-year bond issuance Friday.
The $39 million capital improvement bonds were approved by Knox County commissioners last month.
The money will be used for roads, schools and public building upgrades.
Mayor Burchett says the issuance combines two bonds into one, and in the process cuts $250,000 in fees.
The funding will cover work improvements at several Knox County schools, including Gresham Middle and Belle Morris Elementary.
Money will also be used for a new senior center, the Karns Connector to link Hardin Valley Road to Oak Ridge Highway, and improvements to Dry Gap Pike.