Cities and Towns in Texas Often See Rapid Population Growth

Cities and towns in Texas often see rapid population growth. Such growth requires school districts to quickly expand. In this type of situation, school districts use __________________ to borrow the necessary funds to achieve this goal.

A) capital appreciation bonds (CABs)
B) general obligation bonds (GABs)
C) revenue anticipation notes (RANs)
D) capital investment bonds (CIBs)

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