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Lubbock ISD board approves extensions of standby bond purchase agreements for 2005 and 2006 school bonds
Summary
The Lubbock ISD Board of Trustees approved an order to execute Extensions 2 and amend standby bond purchase agreements backing two variable-rate school building bonds; the change was required by the bonds' structure and had a short turnaround.
The Lubbock Independent School District Board of Trustees approved an order authorizing execution and delivery of Extensions 2 and amendments to the standby bond purchase agreements for the district's variable-rate unlimited-tax school building bond Series 02/2005 A and Series 02/2006 at an 11:31 a.m. meeting. The motion carried with a vote tally announced as 7-2-0.
Board staff explained the extensions were…
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