La Porte ISD board OKs bond sale authorization amid uncertainty over state rules

La Porte Independent School District trustees on Tuesday adopted an order authorizing the issuance of the district’s Unlimited Tax School Building Bond Series 2025 and delegated authority to district staff to complete the sale, a move intended to put bond proceeds into the construction fund this summer.

The order, presented by the district’s financial adviser and adopted unanimously, authorizes a pricing officer to approve the final award and sale under parameters set by the board. The adviser said the district plans to issue about $39.35 million of Proposition A bonds and $3 million of Proposition B bonds now, leaving up to the full $69 million authorized in the bond election available if adjustments are needed.

The bond sale matters because it will fund ongoing facility projects — including stadium and legacy complex work and high school renovations — and because the district must balance market timing against a pending piece of legislation the adviser said could alter how excess interest-and-sinking (I&S) tax revenues affect state hold-harmless…