San Marcos CISD Considering The Approval Of Defeasance On Portions Of Current Outstanding Obligations

San Marcos CISD considering the approval of releasing & issuing unlimited tax school building bonds while also considering defeasance on portions of current outstanding obligations…

VIII. Items for Action

A. Consideration and Approval of a Resolution Authorizing the Defeasance¹ of Certain Portions of the District’s Currently Outstanding Obligations, and Other Matters Related Thereto.

B. Additionally the Trustee’s will be considering and approving of a Plan of Finance for the Construction and Equipment of School Buildings and Directing District Administration and Consultants to Proceed with the Issuance of Unlimited Tax School Building Bonds.

¹DEFEASANCE: noun LAW

1. the action or process of rendering something null and void.

   • a clause or condition which, if fulfilled, renders a deed or contract null and void.

     plural noun: defeasances

San Marcos CISD Regular Meeting Agenda — Monday, June 19, 2017

[gview file=”https://smcorridornews.com/wp-content/uploads/2017/06/SMCISD-Regular-Meeting-Agenda-6-19-2017-Monday.pdf”]

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