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How would the bond issue money be spent?

April 26, 2017Bond ISSUE money spent

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How would the bond issue money be spent?

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The proceeds from the bond issue must be deposited into a restricted account. The funds in this account (the Site and Construction Fund) may only be used for expenses related to construction projects as approved by the board. These costs would include expenses for construction contractors and subcontractors, all building materials, architectural and engineering services, permits and fees, and building furnishings.