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Ysleta board authorizes up to $159.725M in unlimited-tax refunding bonds to generate debt-service savings
Summary
Trustees approved an order authorizing the issuance of unlimited-tax refunding bonds (series 2026) in an amount not to exceed $159,725,000 to refund certain outstanding district bonds for debt-service savings and delegated sale parameters to district officials.
The board voted unanimously to authorize Ysleta Independent School District to issue unlimited-tax refunding bonds, series 2026, in an amount not to exceed $159,725,000 to refund certain outstanding district bonds and achieve debt-service savings.
Trustee Ochoa moved the order, noting the issuance will allow the district to refinance existing debt and delegate certain sale and issuance parameters to authorized officials. The motion passed 7–0. The authorization includes standard delegation language for district officials to complete sale details within specified parameters.
Board materials and staff framed the action as a debt‑management step that preserves the district’s ability to achieve interest‑cost savings while maintaining required debt-service coverage.
