Geary USD 475 officials are looking at refinancing $9.4 million dollars in outstanding bonds at a 2.41% rate for eight years. If approved by the Board of Education in May the move could save the school district nearly one million dollars over the life of the bonds.

The $9.4 million constitute a portion of the bonds issued in 2005 to finance construction of Junction City Middle School and Spring Valley Elementary School.

The proposal was reviewed for the school board Tuesday in Junction City.