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Royal ISD board authorizes up to $95 million in school building bonds
Summary
Trustees voted unanimously to adopt an order authorizing issuance of unlimited tax school building bonds in an aggregate principal amount not to exceed $95,000,000; the motion passed after a second from Trustee Cori Vahalik.
The Royal Independent School District Board on Dec. 8 adopted an order authorizing the issuance, sale and delivery of unlimited tax school building bonds in an aggregate principal amount not to exceed $95,000,000.
Trustee Traci Seward moved the order, Trustee Cori Vahalik seconded, and the motion passed with all trustees recorded as voting "Yea." The minutes record the board's authorization but do not list a bond election date, project list, or financing team in the open minutes; those implementation details remain with district staff and bond counsel.
The authorization enables the district to proceed with planning and financing for capital projects; specific projects and timelines will be determined in subsequent board actions and by staff recommendations.
