BUSD defers COP loan - District won't use loan for Sullivan building

The Bonsall Unified School District will not be utilizing a Certificate of Participation loan to fund the new Sullivan Middle School building, at least for the time being.

During the Feb. 13 BUSD board meeting, the district’s staff was directed to pursue funding options for the two-story, 12-classroom building with an estimated cost of $3.9 million. The likely means of funding was a Certificate of Participation loan, but revenue uncertainties led to a 5-0 board vote March 13 to delay pursuing the COP funding until the California Department of Education can provide more certainty on the Bonsall...