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Comal ISD to issue remaining 2023 bonds, trustees cite state hold-harmlessrules; security operations center included in projects
Summary
Trustees authorized sale of the remaining series of 2023 voter-approved bonds and heard capital-project updates, including completion timelines for schools and the districts new security operations center; administrators said state rules make earlier issuance necessary to retain a hold-harmless state revenue stream.
The Comal ISD board authorized the sale and delivery of the remaining bonds approved in the districts 2023 bond proposition and received a detailed capital-project update that included timelines for new schools, HVAC and roofing work, and a security operations center slated to come online this summer.
Bond sale: administration said voters approved $588 million in May 2023 and earlier issuances included a closing in 2023 and an October 2024 sale. The board authorized issuance of the remaining roughly $213 million of the 2023 authorization. "In consult with our bond counsel and financial adviser, we have prepared [the] official statement and move forward with the sale of the remaining $213…
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