Trustees of the San Antonio Independent School District voted last week to establish a team of district officials and external managers to oversee projects financed by $515 million of general obligation bonds approved by voters on Nov. 3.
Kamal ElHabr, associate superintendent for facility services, said some projects would be managed by in-house experts, but several extensive renovation efforts would be overseen by outside managers.
Trustees also approved a 24-member citizens’ oversight committee. The board will appoint 21 members and superintendent Robert Durón will appoint three members.
San Antonio ISD is one of the 15 largest school districts in Texas. It serves central San Antonio.
The district’s GO bonds have an unenhanced rating of AA-minus from Standard & Poor’s. However, they are also guaranteed by the triple-A rated Texas Permanent School Fund.