Officials of the Corpus Christi ­Independent School District told trustees last week that projects financed with $192 million of general obligation bonds approved by voters in 2008 so far are costing about $20 million less than expected.

Superintendent Scott Elliff said the South Texas district had expected to spend $95.8 million in the first two years of the capital program, but actually spent only $75.8 million on projects in 2009 and 2010.

“I think that’s a good spot for us to be in,” Elliff said during a report on the bond program.

Projects financed by the 2008 bonds include two elementary schools and ­installation of artificial turf at the district’s football stadium.

The projects are to be completed by 2012.

The district, which has about 37,000 students, is asking voters to approve another $120 million of GO bonds in November to build a new high school and middle school.

The district’s $214 million of outstanding GO debt has underlying ratings of AA from Standard & Poor’s, AA-plus from Fitch Ratings, and Aa3 from Moody’s Investors Service.

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