The rest will be spent on other water system projects.
Cobb County’s water and sewer bonds received a triple AAA rating last month from all three major rating agencies: Moody’s Investment Service, Standard & Poor’s and Fitch Ratings. The high bond ratings mean the county will get a lower interest rate when it borrows money, county officials said.
Only three water and sewer systems in the country that are self-funded have the triple AAA rating. In addition to Cobb County, they are Palm Beach, Fla., and Chesterfield, Va., county officials said.