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LISD finance staff and underwriter outline $300M bond sale plan and warn of legislative risks to future tranches
Summary
Hilltop Securities and district finance staff proposed parameters for a roughly $300 million bond sale and explained options to accelerate remaining authorization if a state bill limits future bond sales; trustees discussed timing and contingencies.
John Martin of Hilltop Securities and Scott Rarer, LISD chief financial officer, presented bond-sale options to the board and explained how pending state legislation could affect the district’s ability to sell remaining voter-approved bonds.
The district reported about $510 million of voter-authorized bonds remain unsold; the near-term plan discussed would issue about $300 million in the next sale and delay about $210…
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