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Published on 3/6/2014 in the Prospect News Liability Management Daily and Prospect News Municipals Daily.

Crowley ISD, Texas, defeases $23.73 million of 2003, 2004, 2005 bonds

By Tali Rackner

Norfolk, Va., March 6 - The Crowley Independent School District of Texas defeased its series 2003 unlimited tax school building bonds and series 2004 and 2005 unlimited tax school building and refunding bonds, according to a 15c2-12 filing with the Securities and Exchange Commission.

The district will redeem $2.36 million of series 2003 bonds due Aug. 1, 2014 through 2017. The bonds will be redeemed at par on March 23.

It will also redeem $1.69 million of series 2004 bonds due Aug. 1, 2015 through 2017. The bonds will be redeemed at par on March 23.

In addition, Crowley will redeem $19,675,000 of series 2005 bonds due Aug. 1, 2016 through 2027, 2030 and 2035. The bonds will be redeemed at par on Aug. 1, 2015.


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