Board OKs 90‑day notice to pursue up to $175 million in general obligation bonds

The Washoe County School District Board of Trustees on Feb. 24 approved Board Resolution 26‑003, authorizing staff to begin the 90‑day public notice process required under Nevada Revised Statutes for the proposed issuance of up to $175,000,000 in general obligation bonds.

Kyle Rodriguez, controller, told the board staff had taken the proposal to the Debt Management Commission and received approval to proceed. The resolution, as presented, authorized officers to publish notices, take steps required under statute and return to the board at a later public hearing to set timing and the amount of the proposed issuance.

Trustee Westlake moved to adopt the resolution of intent; Clerk Collins seconded. The motion carried unanimously.

The board’s action begins the statutorily required public-notice period and sets the schedule for subsequent public hearing(s) and final decisions on the amount and timing of bond sales. Specific project uses and the final issuance mix were not finalized at the meeting and will be presented to the board at future hearings.