@jamessaft I'm not a muni expert like @munilass, but no, I would try to find another way to refinance prior debts. (alephblog.com)
After the Wilmette Park District board of commissioners approved the lakefront master plan in March, officials studying the different ways to pay for the roughly $ 14 million project recognized that the organization's prior debt from bond sales was nearly paid off, said Steve Wilson, the park district's executive director. (articles.chicagotribune.com)
Prior debt on file with Telecheck, even if paid, can still affect your check writing privileges. (rebuildcreditscores.com)