Trustees of South San Antonio Independent School District have appointed a new citizens bond committee after dissolving the original panel set up to oversee the district’s $58 million general obligation bond program.

The 13-member panel will replace an 11-member group that was disbanded due to tensions between members and lagging attendance.

Each trustee appointed a representative to the committee, which includes one trustee, two members of the business community and two officials from the district’s high school.

The $58 million bond authorization that was approved by voters in 2010 is financing construction of a replacement high school and a health sciences magnet school.

The district in southern San Antonio has underlying ratings of A1 from Moody’s Investors Service and A-plus by Standard & Poor’s.

The credit is enhanced to triple-A with coverage by the Texas Permanent School Fund program.

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.