What is the advantage of refinancing contractual obligations?
The refinancing would move the repayment of this loan (contractual obligations) from the Maintenance & Operations (M&O) tax rate, currently capped at $1.50, to the Interest & Sinking tax rate. If this refinancing is approved, the M&O tax rate would gain the capacity to generate approximately $4 million. These additional funds would then be available to address AISD’s academic programs.
Related Questions
- What will/can happen to the pensions and other contractual obligations currently entered into by the established library cooperatives?
- What happens if a provider fails to fulfill the contractual obligations such as safety?
- Can owners take advantage of both HDC programs for refinancing and repair loans?
