Flathead School Sales

Kelemen, Jasmina
February 2005
Bond Buyer;2/25/2005, Vol. 351 Issue 32078, p33
Trade Publication
The article reports that Flathead County, Montana, District No. 5 expects to take bids for $29.9 million of general obligation school building bonds. Its sister district, Flathead County Elementary School District No. 5, will issue $9.9 million of GOs on the same day. Both bond deals are structured as serials from 2006 to 2025 and will feature call options in 2015 at par. D.A. Davidson & Co. is the financial adviser, whereas, Dorsey & Whitney LLP is bond counsel. Currently, school districts receive funding on a per-pupil basis, which has contributed to the financial stress of rural districts with declining enrollments. In response, the state's newly elected Democratic Governor Brian Schweitzer has proposed a 15% to 20% increase for education spending.


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