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Santa Fe Public Schools approves $11 million education-technology note; bond closings set for July 2
Summary
The Santa Fe Public Schools Board of Education voted to approve an $11 million education-technology note and lease with the New Mexico State Treasurer; related general-obligation bond sales will close July 2, making funds available for district technology purchases.
The Santa Fe Public Schools Board of Education on June 17 approved the award of an $11 million education-technology note and accompanying lease to the New Mexico State Treasurer, a financing step the district says will fund technology acquisitions over the coming years.
The approval is part of a broader set of recent financings: the district also priced voter-authorized general-obligation bonds, and board presenters told trustees the sale is scheduled to close July 2, when bond and note proceeds will become available for district projects.
Eric Harrigan of RBC Capital Markets told the board the district priced a general-obligation bond series and an education-technology note earlier in the week. He…
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