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Board approves sale of 2025 bond anticipation notes and interfund borrowing resolution
Summary
Trustees voted 4‑0 to approve a resolution to issue 2025 bond anticipation notes to access Measure R bond authorization funds now and approved interfund borrowing and reimbursement resolutions to cover potential timing gaps.
The Santa Rita Union School District board voted unanimously to approve a resolution to issue 2025 bond anticipation notes (BANs) and related interfund borrowing and reimbursement resolutions intended to maintain funding continuity for district construction projects.
The action matters because district voters previously approved Measure R, authorizing approximately $24.9 million in general obligation bonds; after a 2023 sale of Series A bonds of roughly $9 million, the district has about $15.9 million…
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