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San Ysidro board approves request to seek state waiver of bond debt limit
Summary
The San Ysidro School District governing board voted unanimously to authorize a resolution asking the State Board of Education to waive the district's statutory general-obligation bond debt limit so the district can issue recently approved bonds.
The San Ysidro School District governing board voted 5-0 to authorize a resolution asking the State Board of Education for a debt-limit waiver so the district can issue recently approved general-obligation bonds.
The move is intended to let the district issue new bond measures that would otherwise push it above the statutory debt cap. "This resolution would enable the district to apply for something called a debt limit waiver," said Joe, a financial advisor with Debt Spotting…
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