On Thursday, September 19, 2013, the State Board of Education Committee on School Finance/Permanent School Fund met to discuss (among other things) capital appreciation bonds. TEA staff gave a helpful overview regarding school district bond debt which can be found here: TPSF Bond Guarantee_final for SBOE_09_19_2013.
Several Leander ISD representatives were in attendance including Leander ISD Board President, Pamela Waggoner, Leander ISD Executive Director of School/Community Relations, Veronica Sopher, and Assistant Superintendent Ellen Skoviera. All were asked to participate in the discussion by SBOE board member, Thomas Ratliff.
TEA clearly indicated that capital appreciation bonds present no threat to the permanent school fund and that fast growth districts are doing the best they can with the restrictions placed on them through the 50 cent debt test. You can find more information about the 50 cent debt test and other legislative issues on our interest areas page.