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Tom Bean ISD amends defeasance on 2020 refunding bonds to $135,000
Summary
The Tom Bean ISD Board voted unanimously Aug. 12 to adopt an order amending the defeasance of a portion of its Unlimited Tax Refunding Bonds, Taxable Series 2020, reducing the defeased portion to $135,000.
The Tom Bean Independent School District Board of Trustees on Aug. 12 approved an order amending the defeasance of a portion of the district's Unlimited Tax Refunding Bonds, Taxable Series 2020, reducing the defeased amount to $135,000. Trustee Beth Hale moved the measure and Trustee James Hamilton seconded; the motion passed 7-0.
Board documents and the meeting record show the motion as "adopt an order amending defeasance of a portion of Tom Bean ISD Unlimited Tax Refunding Bonds, Taxable Series 2020 to $135,000." The transcript records the vote as "Motion carried 7 in favor; 0 opposed." The board did not include additional detail in the public minutes about how the change will affect the district's debt schedule or tax rate. No amendments to the motion were recorded.
