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Sweetwater ISD trustees approve resolution authorizing Maintenance Tax Notes, Series 2026 after favorable bond sale
Summary
The Sweetwater ISD Board unanimously adopted a resolution authorizing the issuance of Maintenance Tax Notes, Series 2026 after a same-day bond sale produced an A+ Special rating and a 3.709% interest rate, trustees voted 6-0 to approve the measure.
Sweetwater Independent School District trustees voted unanimously March 2 to adopt a resolution authorizing the issuance, sale and delivery of the district's Maintenance Tax Notes, Series 2026.
Jake Lawrence, the district's Government Capital representative, told trustees the bond sale earlier that day produced an A+ Special rating for Sweetwater ISD and an interest rate of 3.709%. "Sweetwater ISD’s bond rating is an A+ Special and our interest rate will be 3.709%," Lawrence said, and no trustees raised questions during his report. Trustee Dennis Cumbie moved to adopt the resolution; Trustee Tasha Soto seconded and the motion passed 6-0. Trustees recorded as voting in favor were Jeff Allen, Dennis Cumbie, Mark Garcia, Kelly Sheridan, Tasha Soto and Brenda Valdez.
The board's action formalizes the district's authority to issue the Maintenance Tax Notes described in the resolution and follows the district's routine financial oversight process. The resolution was presented as an action item and supporters said the bond sale outcome was satisfactory to proceed. The minutes do not record any amendments to the resolution or dissenting remarks.
The board meeting record shows the vote and the presenter from Government Capital; next administrative steps will follow the standard closing and delivery process for the notes as specified in the adopted resolution.
