DALLAS — Texas school districts continue to come to market even though the state’s Permanent School Fund that provides triple-A rated guarantees for schools bonds is suspended pending a federal tax ruling on increasing in the program’s capacity. Two districts are issuing bonds this week following upgrades of their underlying credits.

Bastrop Independent School District plans to offer about $38.4 million of school building bonds through a negotiated sale led by First Southwest Co. after receiving an upgrade to A-plus from A by Standard & Poor’s. Proceeds from the bonds will fund continued construction of a high school, a stadium and a  performing arts center.

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