Is there a school board exception available for Special Tax CFD debt limits?

• A. Yes
• B. No
• C. Only for GO
• D. Yes, with a CFD-specific provision

Answer: (D)

Debt limits for Special Tax CFDs aren’t automatically relaxed. An exception exists only when the CFD document itself includes a CFD-specific provision that expressly authorizes an exception to the debt limit. So the correct understanding is that there is a school board exception available, but only if the CFD-specific provision is included. Without that language, the standard limit applies. This mechanism is distinct from general obligation debt and wouldn’t be described as an automatic or GO-only exception.