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Article: A Utah school district plans GO offering after voters set an authorization record. (Jordan School District of Sandy, Utah, general obligation bonds)
- Article from:
- The Bond Buyer
- Article date:
- November 5, 1992
- Author:
CopyrightCOPYRIGHT 1992 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LOS ANGELES - A Utah school district set a state record Tuesday for the largest successful school bond election - $115 million - and expects to issue $75 million of the debt by early next month.
The Jordan School District, based in Sandy just south of Salt Lake City, gained whopping voter acceptance of almost 70% for the general obligation bonds. Approval required a simple majority.
Bond proceeds will finance construction of two high schools, two middle schools, and two elementary schools, and also provide for the refurbishment of 33 existing schools.
A $75 million GO sale is planned for early December, said James Matsumori, vice president of ...