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Board weighs options for handling impending solar rebates tied to bonded projects
Summary
District staff told the board the high-school solar project and a later middle-school installation will generate rebates; legal counsel outlined options including creating a new fund or using the maintenance trust but said bond terms prevent prepayment or refinancing.
Administrators told the board they have secured eligibility for rebates connected to recently approved solar projects and asked the board how to treat rebate proceeds when they arrive.
The high-school solar installation is slated for this summer and will qualify for a rebate expected to arrive in FY27; the middle-school…
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