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Finance update: HB 103 and HB 3526 not applicable to Frankston ISD bonds
Summary
During the finance and facilities update, Mrs. Randi Westbrook said HB 103 and HB 3526 concern bond data for bonds funded 2015–2025; Frankston ISD's bonds were funded in 2011 and 2012, so the bills do not apply to the district.
Finance and facilities presenter Randi Westbrook briefed the board on two recently enacted or proposed bills, HB 103 and HB 3526, noting both relate to submitting historical data for bonds funded between 2015 and 2025. Westbrook stated Frankston ISD's bond issuances occurred in 2011 and 2012, and therefore the district is not affected by the legislation as described in the minutes.
The update also recognized outstanding auxiliary staff (Kimberly Shepard and Clint Hamby). The minutes do not provide further detail about next steps or district financial impact beyond the clarification that the district's bond funding years fall outside the bills' stated range.
