In order to save the school district money in the long run, Hays CISD school board trustees voted Monday to issue a portion of their bonds using a variable rate.

Until now, the district has only issued fixed rate bonds over a long period of time – as long as 25 years. District staff started looking at variable rate bonds, also known as soft put bonds, in order to take advantage of lower interest rates over the long term.

The total amount of the bond needed to fund the second portion of buil...