Debt-Issuance Process
SIDs have the power to borrow money by issuing warrants and general obligation bonds…
Though all SIDs follow the same process, individual SID timelines may vary. Some SIDs may exist in perpetuity, while others could last as long as 20-30 years before being annexed. The process generally includes the following steps: land is acquired, the SID is formed, improvements are installed, warrants are issued, property is built and sold, bonds are issued, and over time the bond debt is retired or the SID is annexed.