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School board approves resolutions to begin $75 million lease'financing for 2026 capital projects
Summary
The New Albany'Floyd County School Board voted 7'0'00 to adopt three resolutions enabling lease financing and further hearings that will allow staff to take bonds to market for the district's 2026 capital plan.
The New Albany'Floyd County School Board voted unanimously to adopt three interrelated resolutions authorizing the district to begin lease'financing steps for planned 2026 capital projects.
Staff read the resolutions into the record as required by the school leasing statute (IC 20'47'3). The package included: (1) a formal "determination of need" for the listed projects; (2) approval of the proposed third amendment to the existing lease…
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