The board approved an order authorizing the issuance of limited tax refunding bonds — in one or more series, at a term or fixed interest rate — and gave a pricing officer authority to set the final amount, interest rate, and price.

What it means for you

This allows the district to refinance existing debt through new bonds; a designated pricing officer, not the full board, will set the specific financial terms.

Outcome

Adopted as part of the board's consent agenda, not by individual vote: "On motion by board member Colón, with a second by board member Gore, the board voted to approve the items on the consent agenda."