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Las Cruces school board adopts $12.5 million general obligation bond resolution
Summary
The Las Cruces Public Schools Board voted unanimously April 22 to authorize issuance and sale of $12,500,000 in general obligation bonds — the final installment of a voter-approved 2021 bond package — to be sold to the New Mexico State Treasurer’s Office under a delegated pricing plan.
The Las Cruces Public Schools Board of Education voted unanimously April 22 to adopt a resolution authorizing the issuance and sale of $12,500,000 in general obligation bonds, the district’s bond counsel said.
Casper McKinney of Modrall Sperling, the district’s bond counsel, told the board the resolution authorizes the last installment of the voter-approved bonds from 2021. “These bonds are payable from the property taxes levied within the district,” McKinney said. The resolution sets delegation parameters, including a maximum principal amount of $12.5 million and a final maturity no later than…
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