Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Bonds topic
No spam. Unsubscribe anytime.
ISD 279 board approves $63.225 million bond issue to finance school building projects
Summary
The board approved a resolution authorizing $63,225,000 in general obligation school building bonds, Series 2026B, including compliance steps with reimbursement bond regulations under the Internal Revenue Code; the resolution passed 6–0.
The Independent School District 279 board voted June 23 to authorize the issuance and sale of $63,225,000 in general obligation school building bonds, Series 2026B. The motion, moved by Sarah Mitchell and seconded by Keith Tate, included language establishing compliance with reimbursement bond regulations under the Internal Revenue Code and passed on a 6–0 roll call vote.
Board materials presented the bond authorization as enabling planned building projects and providing credit enhancement as needed. The recorded motion in the minutes reads: "to approve the resolution relating to $63,225,000 general obligation school building bonds, Series 2026B, authorizing the issuance and sale thereof, providing for credit enhancement with respect thereto, and establishing compliance with reimbursement bond regulations under the Internal Revenue Code."
