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Tuloso-Midway ISD board authorizes up to $140 million in school building bonds
Summary
The Tuloso-Midway ISD Board approved an order authorizing up to $140,000,000 in unlimited tax school building bonds and delegated authority to district staff to finalize related documents. The vote was 4–0; two trustees were absent.
The Tuloso-Midway Independent School District Board of Trustees on June 15 approved an order authorizing the issuance of one or more series of unlimited tax school building bonds in a maximum aggregate principal amount of $140,000,000. The measure also authorizes the levy of ad valorem taxes for payment of the bonds and delegates to district staff the authority to approve and execute related documents.
The motion to approve the order was made by Trustee Kim Boone and seconded by Trustee Rick Chapa. The board voted 4–0 in favor (Paul Arriaga, Rick Chapa, Brian Boone and Kim Boone voting yes; Leo Gonzalez and Mari Jimenez were absent). The action was presented to the board as an administration recommendation; no additional details about the timing or phasing of bond series were provided in the meeting record.
Board members did not record extended debate on the floor; the item was carried as presented. The approval establishes the district’s authority to issue bonds up to the stated amount and to set terms pursuant to staff and counsel review before final sale.
