The Vidor Independent School District Board of Trustees on July 28 approved an order authorizing the issuance of the district’s Series 2025A unlimited‑tax school building bonds, concluding the district’s bond sale authorized by voters in the prior election.

Louis Wilkes of U.S. Capital Advisors and bond counsel Lance Fox presented the transaction details and legal process. Wilkes told trustees the sale was competitively bid earlier that day and that the district’s application to the Permanent School Fund bond guarantee program had generated a triple‑A reoffering rating for the bonds. “The bonds did price as triple a rated bonds as good as any bonds anywhere in The United States to be, issued,” Wilkes said.

Bids were received from five underwriters; the winning bid came from Robert W. Baird with a true interest cost reported in the preliminary materials as 4.756555. The transaction par amount was reported as $48,325,000 with a net premium; the board packet showed $48,400,000 directed to the project fund and approximately $7,791,000 identified as capitalized interest. A small interest payment of $6,831.74 for Aug. 15 was noted as being left on deposit to cover the first post‑closing payment.

The sale is scheduled to close Aug. 14, pending final approvals and the required review by the Texas Attorney General. Bond counsel Lance Fox told the board the legal documents mirror the district’s earlier issuance steps and that the transaction will send bond proceeds to the project fund for the district’s approved construction projects.

Trustee Camp moved to approve the order; Trustee White seconded. The motion passed 5‑0 with two trustees absent.

What happens next: Closing is scheduled for Aug. 14 contingent on attorney general approval. Bond proceeds will be deposited to the district project fund and used for the authorized construction program, including the elementary and middle school projects discussed in the board’s bond construction update.