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Why isn there equal representation on the RMA board?

April 26, 2017representation RMA

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Why isn there equal representation on the RMA board?

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When the RMA was originally established, the City of Richmond lent the Authority $10 million. The money was used as the reserve fund required to issue debt to construct the expressway system (see bond questions below). The $10-million debt was repaid when the bonds were refinanced in 1992.