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Development Authority approves funding for Brenau projects
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The Gainesville and Hall County Development Authority on Tuesday approved the final interest rates and principal payments for about $8 million in bonds to fund campus construction projects at Brenau University. The projects include new sorority houses, a residence hall, an anatomy laboratory and a field house. BB&T bank is purchasing the tax-exempt revenue bonds at a seven-year interest rate of 3.49 percent.