Taos school board advances $5.5M education-technology financing note
The Taos Municipal Schools board approved an initial resolution on June 24 to issue an education-technology note not exceeding $5.5 million, a short-term financing mechanism for digital devices and related equipment. A follow-up meeting is scheduled in three to four weeks for final pricing and formal approval.
Key quotes
The Taos Municipal Schools board on June 24 approved a resolution to move forward with an education-technology note, a form of short-term financing intended to pay for digital devices and related equipment, not to exceed $5.5 million.
The board set a meeting in three to four weeks for final pricing and formal approval.
The measure was introduced by Nick Kaine of Stifel Public Finance, who described the note as similar in repayment pledge to the district's general-obligation bonds but not…
From the article
The Taos Municipal Schools board voted June 24 to approve an initial resolution to issue an education-technology note not to exceed $5.5 million and set a 3–4 week window for final pricing and sale proposals from lenders.
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