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INDUSTRIAL DEVELOPMENT BOND
12 Months Ended
Dec. 31, 2024
INDUSTRIAL DEVELOPMENT BOND  
INDUSTRIAL DEVELOPMENT BOND

NOTE 3—INDUSTRIAL DEVELOPMENT BOND:

An industrial development bond is due in 2027. The average floating interest rate, which is reset weekly, was 3.5% and 3.5% in 2024 and 2023, respectively. See Note 9 of the Company’s Notes to Consolidated Financial Statements for fair value disclosures.