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Madison board approves bond-sale parameter resolutions; administration to deposit proceeds into construction and debt-service funds
Summary
The board approved resolutions establishing parameters for the sale of general-obligation promissory notes and amended the 2024–25 budget to reflect proceeds and estimated bid premium deposits into the district's construction and referendum debt-service funds.
The Madison Metropolitan School District Board of Education on May 19 approved two parameter resolutions authorizing the sale of general obligation promissory notes and approved budget increases to record expected proceeds and estimated bid premium.
Board action and amounts: the board approved a resolution establishing parameters for the sale of not-to-exceed $181,000,000 general obligation promissory notes, series…
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