IN THE NEWS: It’s a First: Schools Sell Bonds That Give Investors a Tax Credit

The San Diego Unified School District’s $38.8 million in construction bonds issued June 15 are the first tax credit bonds ever issued under the American Recovery and Reinvestment Act of 2009, according to the Bank of New York Mellon, the acting transfer agent. Read more from the San Diego Business Journal. Read news release from Bank of Mellon.