DALLAS - After three months of delay caused by litigation, the Houston Independent School District is postponing its $400 million general obligation bond sale due to market conditions.

The district just last week won the state attorney general's approval to sell the bonds, with a certification indicating that there was no pending litigation. The approval came after attorney Ty Clevenger dropped out of a federal lawsuit against the district. Clevenger had previously challenged HISD's approval process for the bond sale and claimed racial bias in the planned use of the proceeds.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.