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Okaloosa commissioners approve Destin High School bond amendment; county cited as conduit only
Summary
The Okaloosa County Commission approved a second amendment to a conduit bond agreement for Destin High School on Feb. 3; school officials said the county carries "absolutely no financial liability," while commissioners pressed for details on arrears and payroll prior to voting.
Okaloosa County commissioners voted Feb. 3 to approve an amendment that allows Destin High School to continue restructuring its conduit bond financing, while several commissioners pressed school officials for clearer arrears and payroll figures.
Mr. Williams, executive director of Destin High School, told the board the amendment is "a required step in a strategic restructuring of our debt" and emphasized multiple times that "Okaloosa County is the issuer; the county carries absolutely no financial liability." He said the school’s original financing assumed about 800 students but current enrollment is closer…
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