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Indianola board authorizes $30 million SAVE bond sale, approves depository limits and schedules special meeting to accept bid
Summary
Board approved a resolution to authorize the sale of $30,000,000 in SAVE (sales-tax) revenue bonds to fund high-school construction phases, set a special meeting to accept the winning bidder, and unanimously approved depository limits and other finance items.
The Indianola Community School District board unanimously approved a set of finance actions at its Nov. 17 organizational meeting, including a resolution authorizing the sale of $30,000,000 in school infrastructure sales-tax (SAVE) revenue bonds and a roll-call approval of depository limits.
Finance committee members reported that the bond proceeds will fund the remainder of phase 1 of the high-school…
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