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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

Summer Hours June 7, 2021 – July 30, 2021

Monday – Thursday Closed on Fridays



Phone: 903-737-2000