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Lewisville ISD board approves parameters to sell next tranche of 2023 bonds amid legislative uncertainty
Summary
Trustees approved a parameter bond order to allow the district to sell bonds from the voter-approved 2023 authorization, discussed timing, tax-rate capacity and legislative risks.
The Lewisville ISD Board of Trustees voted unanimously to adopt a parameter order authorizing the issuance of unlimited tax school building and refunding bonds and to appoint a pricing officer to approve sale terms, clearing the way for a planned sale of a tranche of the voter-approved 2023 bond program.
Financial staff recommended moving forward with plans to offer up to $300 million in bonds in a sale currently being targeted for May 28,…
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