Authorization in Limbo

DeSue, Tedra
June 2003
Bond Buyer;6/17/2003, Vol. 344 Issue 31658, p1
Trade Publication
Roughly $381 million of bonds approved by voters in November 2002 for Richland County School District No. 1 in South Carolina could be in jeopardy due to a dispute over the wording on the ballot possibly being misleading. Voters were seemingly misled as to exactly how the bond proceeds were to be used for expansion of a high school. The debt is being issued under the state-imposed 8% debt limit for school districts, allowing Richland to sell non-voter approved debt instead of using the 2002 authorization.


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