Canyon City School District No. 131 received a Baa rating from Moody's Investors Service for a $35 million new issue that is scheduled to be competitively bid today.

The bond issue is relatively large for the school district, which includes the town of Nampa, about 20 miles west of Boise. Nampa has a population of 25,000. Proceeds from the general obligation debt will be used to build a high school and four elementary schools, and renovate another high school and six elementary schools.

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