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School board approves resolution to defease portion of 2023 general obligation refunding bonds
3212883 · May 7, 2025
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Summary
The board voted unanimously to authorize the transfer of funds and establishment of an escrow account to defease specific general obligation refunding bonds issued March 9, 2023, a move staff said will save the community interest costs.
At the board meeting the district presented a resolution authorizing the transfer of funds, establishment of an escrow account and the defeasance of certain general obligation refunding bonds dated March 9, 2023.
Dr. Ellworthy presented…
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