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Richland board approves resolutions to pursue refunding of 2014 and 2017 bonds under state guarantee program
Summary
The board approved two resolutions authorizing participation in the Washington State school district credit enhancement program and delegating refunding authority while reserving final trigger decisions; staff presented estimated savings for the 2014 bond (about $731,000) and discussed monitoring 2017 savings.
The Richland School Board voted to approve two resolutions allowing the district to pursue refunding of outstanding bonds and to participate in the Washington State School District Credit Enhancement (state guarantee) program.
Travis presented options for refunding two bonds, one issued in 2014 and one in 2017, and described the state programs role securing a higher bond rating that can lower…
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