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Laredo ISD Board Authorizes Unlimited Tax Refunding Bonds Series 2024; trustee notes advisors absent
Summary
The Laredo Independent School District board approved an order authorizing Unlimited Tax Refunding Bonds Series 2024 and delegated final terms to staff; trustees discussed underwriter splits and noted outside financial advisers were not present for questions.
Laredo ISD’s Board of Trustees on March 26 approved an order authorizing the issuance of Unlimited Tax Refunding Bonds Series 2024, delegating authority to district staff to finalize bond terms and related agreements.
The motion covered a plan of finance and the formal order to enter into an escrow agreement, a bond purchase agreement and a paying agent/registrar agreement. Finance staff told trustees the recommended financing team would include Siebert as senior manager and Stifel,…
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