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Board hears plan to sell $6M in technology bonds and take small refundings now
Summary
Financial advisor recommended combining a $6 million technology bond issuance with two small callable refundings (2015/2016 series) to capture current market savings and preserve capacity to consider larger 2017-series refunding later this summer.
Belton ISD's financial advisor briefed trustees on Feb. 2 about timing and structure options for a potential bond sale that would fund voter-approved technology projects and capture savings from callable older series.
Jennifer Ritter recommended the district move forward with a combined issuance that would include $6 million of new-money technology bonds and two…
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