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Seguin ISD board authorizes up to $46 million in school building bonds
Summary
The Seguin ISD board voted unanimously Feb. 25 to authorize the issuance of up to $46,000,000 in unlimited tax school building bonds and delegated execution authority to the district CFO to finalize related documents.
The Seguin Independent School District Board of Trustees voted Feb. 25 to authorize the issuance of up to $46,000,000 in unlimited tax school building bonds to support district capital needs. The motion, made by Trustee Linda Duncan and seconded by Trustee Joshua Bright, passed unanimously.
Chief Financial Officer Elizabeth Oaks explained the action delegates authority to the CFO to approve and execute bond documents and to levy ad valorem taxes as necessary for repayment. The board’s approval allows the district to issue one or more series of bonds within the $46,000,000 maximum authorized principal. The board did not specify a final issuance schedule or tranche details at the meeting.
The authorization follows the district's capital planning discussions (including an update on the A.J. Briesemeister Middle School construction project) and will allow Seguin ISD to pursue financing for identified facility needs. The board did not adopt a resolution setting a sale date or select underwriters during the Feb. 25 meeting; those procedural details remain subject to CFO approval under the delegated authority.
