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Published on 4/13/2015 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

La Porte ISD, Texas, defeases $68.39 million ULT schoolhouse bonds

By Tali Rackner

Norfolk, Va., April 13 – The La Porte Independent School District, Texas, defeased $53.82 million of series 2008 and $14,565,000 of series 2008A unlimited tax schoolhouse bonds, according to a Rule 15c2-12 filing with the Securities and Exchange Commission.

The bonds, which are both due Feb. 15, 2018 to 2031, will be redeemed at par on Feb. 15, 2017.


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