September 2007 News

Wednesday, September 12, 2007

General Obligation Bond Refunding

The districts’ Office of Fiscal Services reports that the Santa Barbara School Districts successfully closed the general obligation refunding bond sale on July 18, 2007. Sale of the Series A bonds (Measure I-98) provided $919,373.80 for the elementary district and Series B (Measure V) bonds provided $1,933,758.91 for the secondary district.

The districts are still awaiting an opinion from the Attorney General on the permissibility of using those funds for bond projects.