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Royal ISD board approves order authorizing up to $200M in school bonds and $7.145M in refunding bonds
Summary
Trustees adopted an order authorizing unlimited tax school building bonds in an aggregate principal amount not to exceed $200,000,000 and refunding bonds not to exceed $7,145,000. The motion passed unanimously.
The Royal Independent School District Board of Trustees adopted an order authorizing the issuance of unlimited tax school building bonds in an aggregate principal amount not to exceed $200,000,000 and refunding bonds in an amount not to exceed $7,145,000. Trustee Cori Vahalik moved the order and Trustee Jimmy Meader seconded; the motion passed unanimously.
Minutes record the motion text specifying the maximum principal amounts and that bonds may be issued in one or more series. The board did not record further details about timing, expected series, or use of proceeds in these minutes.
