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Red Oak ISD board approves repurposing unspent 2025 bond proceeds for facility improvements
Summary
The Red Oak ISD Board of Trustees unanimously authorized using unspent proceeds from the district's 2025 school building bonds for facility improvements, adopting an order to memorialize the decision during a March 30 special meeting.
The Red Oak Independent School District Board of Trustees on March 30, 2026, voted unanimously to authorize the repurposing of unspent proceeds from the "Red Oak Independent School District Unlimited Tax School Building Bonds, Series 2025" for district facility improvements.
Board member John Anderson moved that the unspent proceeds be used for a purpose other than retiring the bonds; the motion passed 6–0. The board then voted to designate the proceeds specifically for district facility improvements and adopted an order memorializing the two votes. The meeting record lists Dr. Bill Johnston, chief financial officer, in connection with the agenda item.
Why it matters: repurposing bond proceeds changes how previously authorized funds may be spent and requires formal board action and documentation. The board's approval allows district leaders to allocate remaining 2025 bond funds toward facility projects rather than using those funds to retire debt or for the bonds' originally specified purposes.
The motions passed with the following roll call: Melanie Petersen (present, yea), Johnny Knight (present, yea), Sean Kelly (present, yea), John Anderson (present, yea), Donna Knight (present, yea), Donny Lutrick (present, yea). Brian Sebring was absent. Minutes record three motions: (1) allowing unspent proceeds to be used for purposes other than retiring the bonds, (2) using the proceeds for facility improvements, and (3) adopting an order memorializing the votes. Each motion passed 6–0.
John Anderson's motion is recorded in the minutes as: "Mr. Anderson made a motion that the unspent proceeds of the 2025 Bonds be used for a purpose other than to retire the bonds." The minutes show no public comment on the agenda item.
The special meeting began at 6:30 p.m. at the Red Oak ISD Education Service Center and adjourned at 6:49 p.m.
