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Texas school bond guarantee program capacity rebounds to $5.4B

After falling to just $26.6 million in December, state officials lowered the program's reserves effective March 1 to boost capacity. ....

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Austin ISD expects to complete all 2022 bond projects in the next six years

Voters approved a historic $2.4 billion bond package last November. It allows the district to borrow money to cover the costs of modernizing campuses, improving school security and buying new technology for students and staff. ....

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Ratings unaffected by reduced Texas Permanent School Fund reserves

Rating analysts said dropping reserves to 0.25% from 5% to free up capacity does not impact the school bond guarantee program's triple-A ratings. ....

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Action taken to boost capacity of Texas school bond guarantee program

A reduction in the program's reserves and February debt payments and maturities of outstanding guaranteed bonds will increase capacity by $7 billion to $9 billion. ....

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Texas school bond guarantee program capacity falls below $27 million

Despite its nearly drained capacity, the Texas Permanent School Fund program continues to operate as it seeks legislative and regulatory solutions to a federal cap. ....

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