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Beckville ISD approves quarterly investment report; board discusses tax-refund procedure under new Texas rule
Summary
Trustees approved the Quarterly Investment Report and discussed a change to Tax Code §31.11 that allows refunds over $500 without board approval; the board asked staff to continue bringing refunds over $500 to the board as a discussion item for awareness.
Superintendent Devin Tate reviewed the district’s accounts with First Public and Texas Class and told trustees there were no problems; the board approved the Quarterly Investment Report on a motion by Justin Davis, seconded by Clayton McGuire.
During the finance discussion Charmaine briefed trustees on a change to tax procedure, saying, "tax code § 31.11 says you now do not have to approve tax refunds over $500.00." She noted she had included two processed refunds in the meeting packet for trustees' awareness. The board agreed it would be helpful to keep refunds over $500 on the agenda as a discussion item so trustees are informed.
