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Bonham ISD extends depository contract with Community National Bank and Trust of Texas
Summary
The board approved a two‑year extension of the district depository contract with Community National Bank and Trust of Texas (first two‑year term of a possible three), covering July 2025–June 2027, as required under Texas Education Code procedures.
Board members approved an extension of the district's depository contract with Community National Bank and Trust of Texas. Staff said the bi‑ennial contract extension was missed in spring and that the action before the board is the first two‑year term of a possible three additional two‑year terms; the extension would run July 2025 through June 2027.
A motion to adopt the resolution extending the depository contract was moved and seconded and carried by unanimous vote. The board then signed the resolution accepting the extension and the district will proceed with the accepted terms and follow statutory requirements for depository contracts.
Why it matters: Depository contracts cover where the district's funds are held and are governed by Texas Education Code requirements; board approval is required to validate the contract extension and maintain statutory compliance.
