Clovis school district to sell $8 million in bonds

CLOVIS, N.M. (AP) - The Clovis Municipal School Board has adopted a resolution to sell $8 million in municipal bonds to improve existing schools and partially pay for a new one.

The district's chief financial officer calls it a critical step forward for the district and several construction projects.

The Clovis News Journal reports money generated from the bond sale will be used for construction and technology acquisition as well as $1.7 million for design of a proposed $30 million middle school.

The district will accept bids for the bonds on Jan. 25 and the money will likely be on hand in early March.