DALLAS - Oklahoma's Tulsa County Independent School District No. 5 is considering using lease revenue bonds issued by a separate public property corporation to finance new facilities rather than relying on conventional general obligation debt.

The proposed public property corporation would issue the lease-revenue bonds, use the proceeds to build the facilities, and lease them to the district. The corporation would support the bonds with the proceeds from the school district's GO bonds that would be pledged as lease payments for the facilities.

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