Lago Vista Independent School District Unlimited Tax School Building Bonds, Series 2021
The Lago Vista Independent School District (the “District”) is issuing its $38,855,000 Unlimited Tax School Building Bonds, Series 2021 (the “Bonds”) in accordance with the Constitution and general laws of the State of Texas, including, particularly, Sections 45.001 and 45.003(b)(1), Texas Education Code, as amended, an order adopted by the Board of Trustees of the District on March 8, 2021 (the “Order”) authorizing the issuance of the Bonds, and an election held in the District on November 3, 2020 (the “Election”). The Bonds constitute direct obligations of the District and are payable as to principal and interest from the proceeds of an annual ad valorem tax levied, without legal limit as to rate or amount, against all taxable property located within the District.
