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Board approves defeasance strategy to manage debt and pursue interest savings
5792914 · August 14, 2025
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Summary
Trustees approved a resolution authorizing a defeasance strategy to escrow funds for callable bonds, a step district officials said could save taxpayers millions depending on market conditions.
Temple ISD trustees on Aug. 11 approved a resolution authorizing a defeasance strategy for the 2025–26 fiscal year, a debt-management step district staff said can generate interest savings by escrowing funds to retire callable bonds in future call windows.
Mister Stanford, presenting the finance item, described defeasance as…
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