Houston Schools Selling $293M, and That's Not the Half of It

Albanese, Elizabeth
April 2003
Bond Buyer;4/8/2003, Vol. 344 Issue 31610, p28
Trade Publication
Houston Independent School District in Houston, Texas will sell 293.2 million dollars of general obligation bonds electronically during the second week of April 2003, the first installment of debt to be sold from an 808.6 million dollar bond package approved by voters during November 2002. J.P. Morgan Chase Bank and State Street Bank have signed a standby bond purchase agreement for the deal. In 1998, Houston District had won authorization to issue 678 million dollars of general obligation bonds to finance school improvements and construction, and district leaders say a third election will be held in five or so years to help finance the estimated one billion dollars more needed for facilities in the district.


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