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Bastrop ISD authorizes parameters to sell remaining 2023 bond authorization
Summary
Trustees approved an order authorizing administration to proceed with sale of the remaining $89.4 million from the 2023 bond program under specified parameters, including a cap on interest and a final maturity date, and to pursue state hold-harmless assistance by closing the series this summer.
Bastrop Independent School District trustees on June 17 approved an order authorizing administration to proceed with the sale of the remaining $89.4 million from the 2023 voter-approved bond authorization under specified parameters.
Josh McLaughlin of BOK Financial Securities told the board the district can sell the remaining authorization using fixed-rate offerings and still maintain the district—s…
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