DALLAS - After finally obtaining the go-ahead from a Texas district court judge to issue debt from a $1.35 billion authorization, the Dallas Independent School District now confronts a dysfunctional credit market and also faces a tight deadline to qualify the bonds for the state's triple-A rated Permanent School Fund guarantee.

Officials have until early December to get to market in order to get the PSF backing after receiving the "expedited declaratory judgment" they sought.

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