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Ector CISD board approves parameters to sell up to $128 million in remaining 2023 bond funds
Summary
The Ector County ISD board adopted an order authorizing up to $128,033,000 in unlimited tax school building bonds to finish projects approved by voters in the Nov. 7, 2023 bond election; district officials said the sale will close in August to qualify for new state hold‑harmless funding.
The Ector County Independent School District Board of Trustees on Aug. 12 approved a parameters order authorizing the sale of up to $128,033,000 in unlimited tax school building bonds from the district's 2023 bond authorization.
District officials said the board will issue the remaining bonds this month and try to close before Sept. 1 so the bonds qualify for a state “hold‑harmless” funding provision under recent legislation. Staff and the district’s financial advisers told trustees the sale can be structured so there will be no increase in the district’s total tax rate.
The board vote followed a presentation from the district’s financial advisers outlining the…
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