DALLAS — The Northside Independent School District, the largest in the San Antonio area, is making plans to seek voter approval in May for $535 million of general obligation bonds to keep up with growth.

With the bonds expected to be sold in spring 2011, the district’s bond committee is anticipating interest cost of between 5.25% and 5.5% over 30 years. The district would maintain a minimum fund balance reserve of $5.5 million, or 4%. In 2009, it issued $263 million of debt, including $38 million of Build America Bonds.

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