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Royse City ISD Board Approves Order Authorizing Unlimited Tax School Building Bonds
Summary
The board approved an order authorizing the issuance of unlimited tax school building bonds in one or more series and empowered a pricing officer to finalize sale terms within specified parameters; the measure passed 5-0 (two absent).
The Royse City ISD Board voted to adopt an order authorizing the issuance of unlimited tax school building bonds to finance school building projects. The order authorizes issuing bonds in one or more series, levying a tax to secure repayment, and gives a pricing officer authority to approve the award of sale within parameters stated in the order. The motion passed 5-0 with two trustees absent.
The bond action followed earlier updates about the district's bond program presented by CFO Byron Bryant. The board's recorded motion to adopt the order was moved by Eric Fort and seconded by Cindi Jobe; the meeting record shows the motion carried unanimously among those present. No sale amount or bond series schedule was stated in the meeting minutes; specific pricing and sale timing will be set later by the authorized pricing officer.
