Utah District Takes First Step in Record Authorization

Albanese, Elizabeth
May 2003
Bond Buyer;5/12/2003, Vol. 344 Issue 31633, p7
Trade Publication
The Jordan School District, located near Salt Lake City, Utah will sell $20 million of triple-A rated general obligation bonds as of May 13, 2003, in a sale that marks the first tranche of debt sold from the Utah's largest-ever bond authorization.With an enrollment of 73,800 students, the Jordan district is Utah's largest and is responsible for educating approximately 154570360f all the state's schoolchildren.Like all Utah school bond issues, the Jordan deal comes to market backed not only by the general obligation pledge of the district, but also the state's triple-A GO pledge.District officials are planning a second bond issue worth about $15 million to $20 million for this fall, with sales of debt worth about the same amount taking place approximately every six months, although the district might issue as much as $115 million in fiscal 2008 to finance a new high school and several other new schools.


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