News Column

BRIEF: CMS to hold special board meeting Tuesday

July 12, 2014

By Jessica Onsurez, Carlsbad Current-Argus, N.M.

July 12--CARLSBAD -- Carlsbad Municipal Schools will hold a special board meeting Tuesday to approve a resolution for the issuance of general obligation bonds.

The $2.1 million Education Technology bond will allow the district to purchase computers and licenses. The capital will also go toward purchasing education technology equipment for SmartLabs throughout the district: There are already SmartLabs in place at the high school and administrators are planning to place another in the new Intermediate School at the P.R. Leyva Campus.

Board approval is required before bonds can be issued, but boards were informed that the 'sponge' bond -- debt for which the district has cash on hand to cover -- would be issued a very low rate.

Reporter Jessica Onsurez may be reached at (575)491-4682.


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Source: Carlsbad Current-Argus (NM)

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