The Lawton Public Schools Board of Education voted to authorize staff to move forward with the district’s planned 2026 bond sales and approved a revision to policy EKBA, known as the Strong Readers Act.
At the meeting, a presenter described a proposed professional services agreement with BOK Financial Securities Inc. to serve as the district’s financial adviser for the sale of 2026 general obligation bonds. The board voted on the motion and roll call recorded affirmative responses from members present, carrying the item to approve the agreement.
The board then approved two related bond resolutions: one fixing amounts, maturities and sale logistics for the 2026A general obligation bonds and a second resolution establishing terms for a taxable series of 2026B bonds, including designation of a paying agent and approval of a preliminary official statement and distribution.
The board also took up a revision to policy EKBA, the Strong Readers Act (formerly the Reading Sufficiency Act). A presenter told the board that the policy will likely be revised repeatedly over the coming years as the state legislature considers implementing legislation and funding, and that the district needs the policy in place to remain consistent with current law. The presenter said, “this policy is gonna be revolved numerous times in the next couple years because the legislators are wanting to pass legislation to make this work. Hopefully, they’ll fund it,” and recommended approving the revision to align the district policy with statutory requirements.
There were no removals from the consent agenda and those items were approved by recorded assent. The board did not provide additional substantive discussion on the bond timing, interest-rate assumptions or specific dollar amounts at the meeting; those details were not specified in the record and will be reflected in the final sale documents and the preliminary official statement.
What happens next: staff are authorized to continue preparing the bond sale documentation, to work with the designated financial adviser and paying agent, and to finalize the policy revision consistent with state law and any forthcoming legislative direction.