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Royal ISD board authorizes up to $200 million in school building bonds
Summary
Trustees unanimously adopted an order authorizing Royal ISD to issue unlimited tax school building bonds in an aggregate principal amount not to exceed $200,000,000. The move was approved as part of the meeting's capital-projects agenda.
Royal Independent School District trustees on June 15 voted unanimously to adopt an order authorizing the issuance, sale and delivery of unlimited tax school building bonds in an aggregate principal amount not to exceed $200,000,000.
The measure, moved by Trustee Cori Vahalik and seconded by Trustee Elton Foster, gives district leaders authority to pursue bond financing for the district's capital projects. "Motion that the Board of Trustees adopt the Order Authorizing the Issuance, Sale and Delivery of Royal Independent School District Unlimited Tax School Building Bonds, as presented by administration," the motion record states. The motion passed with six recorded yea votes; one trustee was absent.
Administration presented the authorization alongside other construction-related agenda items, including a separate authorization to negotiate program management services for stadium work. The board did not detail specific project allocations tied to the $200 million authorization during the open session; trustees said those project-level decisions will be made in future actions consistent with bond programming and budget constraints.
Next steps include standard bond-adoption follow-ups such as finalizing terms, selecting underwriters and setting sale dates. The board took the authorization as a governance-level approval rather than a specific contract award or project-by-project appropriation.
