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Noble Board approves revision to Policy CCD on post‑issuance tax compliance
Summary
The Noble Board of Education approved a revision to Policy CCD (Post‑Issuance Tax Compliance Procedures for Tax‑Exempt Bonds) at its April 2, 2026 special meeting. The motion passed 3–0 with two members absent.
President Leroy Lukinbill presided over a special meeting of the Board of Education of Independent School District No. 40 of Cleveland County on April 2, 2026, where the board approved a revision to Policy CCD, the district’s post‑issuance tax compliance procedures for tax‑exempt bonds.
Clerk James Reed moved to approve the revision “as presented,” and Deputy Clerk Randy Sheppard seconded the motion. The motion carried with Mr. Reed, Mr. Sheppard and President Lukinbill voting yes; two members were recorded absent. The minutes record the action but do not provide the substantive text of the revision or any discussion of specific procedural changes.
The approval updates the board’s formal policy on post‑issuance compliance for tax‑exempt bonds, a governance step intended to ensure ongoing adherence to federal tax rules for bond-financed projects. The minutes do not specify implementation steps, responsible staff assignments, or any reporting schedule tied to the revised policy.
The board took the vote during the special meeting called to order at 5:30 p.m.; the meeting adjourned at 5:42 p.m.
