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Comal ISD board authorizes parameters for up to $210.6M bond refunding, projects ~$18M savings
Summary
The Comal ISD board approved a parameter order authorizing refunding of callable bonds with a potential present-value savings currently estimated at about 6%, representing roughly $18 million in debt-service savings across the refunded issues.
The Comal Independent School District Board of Trustees voted Thursday to authorize a parameter order to issue refunding bonds for callable portions of the districts outstanding issues, with a maximum issue size set at $210,600,000.
The measure, presented by district financial advisers and staff, allows the district to refinance bonds callable on Feb. 1, 2026, within a 90-day window after that eligibility date. The administration said…
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