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Clear Creek ISD authorizes conversion of 2013B variable-rate bonds and approves up to $162 million additional sale
Summary
The board approved an order to convert $47.4 million of Series 2013B variable-rate school building bonds to a fixed or term rate and authorized a second sale of up to $162 million from the 2023 voter-approved $302 million authorization; pricing officer and related authorities were authorized.
At its May 19 meeting the Clear Creek Independent School District Board of Trustees approved two finance actions intended to manage debt and move forward with voter-authorized capital projects.
District staff explained that $47,400,000 of Series 2013B variable-rate unlimited tax school building bonds (maturing in 2035) are scheduled to reach the end of their rate period on Aug. 14, 2025. Staff recommended an order…
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