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Kutztown board authorizes bond issuance up to $23 million to finance capital projects
Summary
The board adopted a resolution authorizing issuance of up to $23 million in general-obligation bonds and notes to finance district projects and to reduce near-term debt service; the superintendent said $4.7 million was recently approved for middle-school HVAC work.
The Kutztown Area School District board on May 21 adopted a debt-restructuring resolution that authorizes the issuance of one or more series of general-obligation bonds or notes with an aggregate principal not to exceed $23,000,000.
Superintendent Till Chatham described the action as part of a planned restructure intended to lower near-term debt-service…
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