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Financial advisors brief trustees on bond issuance, state waiver and near‑term financing timeline
Summary
District financial advisor outlined remaining bond authority, the need to repay a bond anticipation note, and a state waiver process required before issuing 2024 voter‑approved bonds. Board was told resolutions and market steps are planned over coming months.
The Newman‑Crows Landing Unified School District received a detailed debt‑management briefing from its financial advisor on needs for near‑term bond issuance and a state waiver the district must request before selling certain 2024 voter‑approved bonds.
Dale Scott, the district’s financial advisor, told the board the district has issued a bond anticipation note that comes due this year and that issuing additional long‑term bonds in the next few months will be necessary to repay that note and to…
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