Administrators with the Monterey Peninsula Unified School District will give an update on projects being paid with Measure P funds, the $110 million bond approved in 2010. They will also focus on future bond phases, and the need for possible selling Bond Anticipation notes (BANs). BANs are short-term interest-bearing security issued in advance of a larger, future bond issue. They can be used if the issue of a larger bond wants to be delayed.
The presentation will take place at a special meeting of the board of trustees at 6 p.m. on Tuesday, June 18. The meeting will take place at the Instructional Materials Center
540 Canyon del Rey, Del Rey Oaks.