In a special meeting Monday, Marble Falls ISD trustees voted 5-0 to issue $172,200,000 in bonds to be used for school district infrastructure improvements. The bonds, which were approved by voters in a May
3 election, will be sold at an interest rate “not to exceed 6 percent” and will mature no later than August, 2055, according to the order signed by trustees.
Board members Gary Boshears and Larry Berkman were not present for the meeting, which was called so the board could approve the bonds and could hear the district’s proposed compensation plan for the coming school year.
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