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Sheldon ISD board hears plan to authorize up to $90 million in unlimited-tax bonds, sets timeline
Summary
Board members reviewed parameters for a proposed $90 million series of unlimited-tax bonds, heard a timetable for pricing and closing, and were asked to delegate authority to district leadership to finalize terms within the board's parameters.
Sheldon ISD trustees reviewed a proposal to authorize parameters for up to $90,000,000 in unlimited-tax bonds to fund district capital projects and to delegate authority to district leadership to finalize the sale.
Bond counsel Diane Martinez told the board she prepared an order that would delegate to the superintendent and the district's chief financial officer authority to accept final terms if bids met the…
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