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Board amends District of Innovation Plan to allow extended banking contract term
Summary
Trustees voted 5-0 to amend the District of Innovation Plan so the district may extend its banking contract beyond the usual allowable term when pricing remains competitive and no operational reason requires re-bidding.
The Rockdale ISD Board amended the District of Innovation Plan on March 17 to permit the district to extend its banking contract beyond the allowable contract term if the district determines pricing remains competitive and there is no operational or financial reason to solicit bids. The motion carried 5-0 (mover: Karen Laughlin; second: Amy Casas).
The amendment is procedural and affects procurement flexibility for the district's banking services. The minutes do not show an immediate contract extension vote or specify which banking contract is affected; the amendment only changes the plan's language to allow extensions under the stated conditions.
