Board accepts First State Bank contract amendment on district public funds account
Trustees accepted a contract amendment with First State Bank modifying compensation terms: the account will be tied to the Fed Funds rate with the district receiving FF rate less 100 basis points with a 0.25% floor; the amendment was approved 5–0.
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The Valley View ISD Board accepted a contract amendment with First State Bank regarding the district's public-funds account. "Motion by Byrom to accept the First State Bank contract amendment as presented; second by Pickett. The vote was 5 in favor, 0 opposed. Motion carried," the minutes record.
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