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What is a bond?

What is a Bond?

A school bond is similar to a home mortgage.  It is a contract to repay borrowed money over time with a fixed, tax-exempt interest rate.  Bonds are approved by voters and sold by a school district to lenders/underwriters to raise funds to pay for the costs of construction, renovations, and equipment.  Almost all school districts in Texas utilize voter-approved bonds to finance new facilities and major renovation projects.

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North Lamar Independent School District
3130 N Main
Paris, Texas 75460

Normal Office Hours for Administration Office 7:30 a.m. – 4:00 p.m. Monday – Friday


Phone: 903-737-2000