San Antonio School District Preps $106M Issue

Albanese, Elizabeth
February 2005
Bond Buyer;2/28/2005, Vol. 351 Issue 32079, p5
Trade Publication
The article reports that about $64.3 million of the refunding will fix out currently outstanding variable-rate demand bonds, with the remainder being sold for present-value savings. Proceeds from the 2004 authorization are scheduled to finance eight elementary schools, two middle schools, and a new high school. The bond package also includes land acquisition for 12 schools and funds for expansion and improvements to existing campuses. The remaining capacity from the 2004 authorization will be sold in chunks of roughly $100 million each year.


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