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Temple ISD authorizes parameters to issue bonds and refinance older debt
Summary
Trustees authorized parameters allowing the district to sell roughly half of the voter-approved bond authorization now (about $60 million in new money) and to refund eligible 2018 bonds, with staff saying the move could save roughly $300,000 a year and about $2.4 million overall if market conditions hold.
Temple Independent School District trustees on April 13 authorized parameters that give district officials the flexibility to issue up to half of the voter-approved bond authorization when market conditions are favorable and to refund eligible portions of outstanding debt.
Financial adviser Jennifer Pritter of Special Public Finance and bond counsel outlined a timeline and the market context: waiting for preliminary appraisal values scheduled for April 30, then pricing the…
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