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Board debates using bond interest to expand campus alternates, schedules workshop request
Summary
Board members discussed allowable uses of interest earned on bond proceeds and recommended a board workshop to develop policy and community engagement around using bond interest to fund campus alternates or enhancements.
Board members discussed how interest earned on unspent bond proceeds might be used to expand or enhance projects beyond the bond referendum’s base scope and asked administration to return with recommendations. District staff reminded the board that state regulations and bond documents restrict uses of bond proceeds and interest to costs that are bond-related and that operational salaries or…
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