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Board adopts refunding bond ordinance tied to 2017 energy-savings debt
Summary
The board approved the second reading and adoption of a refunding school bond ordinance to refund part or all of outstanding 2017 energy-savings obligation refunding bonds.
The Toms River Regional School District board adopted the second reading of a refunding school bond ordinance to refund all or a portion of outstanding energy savings obligation refunding bonds dated Dec. 20, 2017.
The ordinance was read on the floor and the motion for adoption was moved and seconded; a roll-call vote followed and the ordinance passed. The reading described the ordinance as "providing for the refunding of all or a portion of its outstanding school energy savings obligation refunding bonds dated 12/20/2017." Board members subsequently approved the measure by roll call.
Board members also opened and closed a public hearing on the ordinance; no public speakers were recorded during the hearing portion of the meeting. Adoption of the ordinance was entered into the minutes as a formal action of the board and will be processed according to the district's finance protocols.
