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Tomball ISD board authorizes order to issue unlimited tax school building bonds, Series 2025
Summary
Trustees approved an order authorizing the issuance, sale and delivery of Tomball ISD unlimited tax school building bonds, Series 2025, and set parameters authorizing a pricing officer to finalize terms; the vote was unanimous.
The Tomball Independent School District Board of Trustees approved an order authorizing the issuance, sale and delivery of unlimited tax school building bonds, Series 2025, setting certain parameters for the bonds, authorizing a pricing officer to approve final terms, levying a tax and providing for security and payment of the bonds.
A motion to approve the bond order was made and seconded; trustees voted unanimously in favor. The board did not discuss detailed pricing at the meeting and authorized a pricing officer to finalize terms within the parameters set by the order; trustees will receive documentation consistent with board action and statutory requirements.
The approval clears a step in the bond-authority process and is tied to the other bond projects and contracts approved during the meeting, which the board discussed and in several cases authorized staff to negotiate final pricing or contracts and return to the board for approval.
