Superintendent Dr. Porterby asked the Port Arthur ISD Board to approve a reimbursement resolution enabling the district to reimburse pre-issuance expenses from the proceeds of a district unlimited tax bond that voters approved for projects including a new middle school and a new stadium.

“We are asking for the approval of reimbursement resolution for proposed issuance of district unlimited tax bond,” Dr. Porterby said, thanking the community for passing what he described as a $300,000,000 bond for a new middle school and a new stadium.

Dr. Porterby also said the agenda included an authorization related to bond issuance and a refinancing item. He said staff expected to pursue refinancing that would allow the district to pay down past bonds and “help our taxpayers lower their taxes.” In the transcript he said, “I think it's gonna be ... $10,000,000 on refinancing,” language that indicates an estimate rather than a final figure.

The superintendent noted a district financial representative, “Mr. Greer,” was present to answer questions. The transcript shows the bond matters were on the agenda and presented for board consideration but does not include a discrete recorded vote on the reimbursement resolution or refinancing in the provided excerpt; the consent agenda and other routine items were approved by voice vote later in the meeting.

If the board adopts a reimbursement resolution, the document typically allows the district to treat qualifying capital expenditures paid before bond sale as reimbursable from bond proceeds after issuance; confirmation of final amounts, the structure of any refinancing, and related legal findings should be sought in the official board packet or supporting documents.