Gov. Perdue Facing Millions in Debt
Tony Potts
01-20-2009
The Atlanta Journal-Constitution reported that Gov. Sonny Perdue
is facing $21 million in personal debt after he took out a
massive loan last year for his two agricultural businesses.
Public records said that Perdue got the loan from AgGeorgia Farm
Credit in Perry on collateral worth just 19 percent of the
loan`s value, an unusual move.
The loan is due by March 1.
Because he is not running for office again, Perdue is not
required to disclose the details of the loan.
The loan is worth almost three times his personal assets of $6.1
million, which he disclosed in his latest statement of his
finances in 2006.
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