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Board hears bond counsel and underwriter on bonding process; formal resolution deferred to next week
Summary
Stifel Nicholas explained the district’s bond resolution, preliminary official statement (POS), and timeline for rating and sale; board delayed formal approval because the resolution/POS were not posted in the board packet and scheduled the item for the next study session.
District financial advisors from Stifel Nicholas briefed the Murray School District Board of Education on the bond resolution and the preliminary official statement (POS) that must be finalized before the district issues voter-approved general obligation bonds.
Matt (Stifel Nicholas) outlined the components of the bond…
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