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Board adopts resolution of intent to issue limited tax notes up to $5 million

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Summary

The DeSoto County School District board approved a resolution of intent to issue short-term limited tax notes under the district's three-mill borrowing authority, allowing borrowing of up to $5 million to be repaid within one year.

The DeSoto County School District Board approved a resolution of intent to issue short-term limited tax notes, invoking the district's three-mill borrowing authority to allow borrowing of up to $5,000,000 to finance new construction projects.

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