Lafayette School Board Approves Bond Sale - KLFY News 10

Lafayette School Board Approves Bond Sale

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UPDATE 10/25/12

LAFAYETTE, La. (AP) - The Lafayette Parish School Board has voted to authorize the sale of $30 million in bonds to fund school improvement projects.

The board now has to approve how it will spend the money before its financial team will court investors.

The Advocate reports (http://bit.ly/TCzJqV ) the school district's staff proposed a list of $31 million in projects at six schools to the school board during a Sept. 19 meeting, but the board has not taken action on the recommendations. The projects would be funded with the $30 million in bonds and $3 million in the district's capital projects budget.

Bond attorney Jerry Osborne told the board that the bonds would not be sold until it approved the list of projects.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)




The Advocate reports (http://bit.ly/RgtWo4 ) that meeting will take place Wednesday afternoon.


LAFAYETTE, La. (AP) - The Lafayette Parish School Board has scheduled a special meeting to authorize the sale of $30 million in bonds to fund school repair and construction projects

 

The school district has proposed using the funding to alleviate overcrowding at Green T. Lindon Elementary and Youngsville Middle and to make improvements at other schools in the district.

A full list of projects to be funded by the $30 million, and an additional $3 million from the district's capital projects budget was presented to the board at its Sept. 19 meeting as an introduction item.

The list has not been presented again on the agenda for action, but is scheduled for discussion during the board's retreat set for Saturday.

(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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