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District financial advisers outline $150 million Measure A Series A bond plan, pricing timeline
Summary
Financial advisers briefed the Desert Sands board on issuing a $150 million first series of Measure A general obligation bonds and on a possible refunding; pricing and closings were presented as contingent on market conditions.
Desert Sands Unified School District financial advisers presented details on the district's proposed issuance of Measure A general obligation bonds and an associated potential refunding at the Jan. 21 board meeting.
Adam Bauer of Feldman Rollup and Associates, accompanied by Kristen Gehr of Piper Sandler, told the board the district is considering a $150 million Series A issuance from the Measure A authorization voters approved March 5, 2024, and discussed market conditions, interest-rate indices and a tentative schedule for pricing and closings.
The advisers said the bonds are tax-exempt municipal bonds (interest exempt from federal and state income tax) and noted that the…
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