FINANCING FACILITIES DEVELOPMENTThe Board of Education, subject to approval by the voters, may issue bonds to provide for the expense of new construction projects or extensive renovations on existing buildings.
Bonds will be sold within parameters set by the Board to the bidder bidding the lowest interest rate.
Further the School Attorney shall review all contracts, resolutions and other documents associated with financing capital construction projects.
The term of each bond issue shall be determined by the Board in consideration of interest rates and financial conditions at the time of the bond sale, as well as applicable state law.
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