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Lorena ISD approves order authorizing unlimited tax refunding bonds
Summary
The board unanimously adopted an order authorizing Lorena ISD to issue unlimited tax refunding bonds and related matters, voting 7–0 to approve the action.
The Lorena ISD Board of Trustees adopted an order authorizing the issuance of unlimited tax refunding bonds and related matters. Trustee Denny Kramer moved the order and Trustee Tyler Stewart seconded; the board approved the order unanimously with each trustee recorded as voting "Yea."
The order (recorded under action item 10.3) authorizes the district to pursue refunding bonds as described in the motion language in the minutes. The public minutes do not include the principal amount, expected savings, or the financing schedule; those financial particulars would typically be developed by district financial staff and bond counsel now authorized by the board.
With bond counsel engagement also approved earlier in the meeting, the board has authorized both the legal engagement and the refunding order needed to pursue a potential refunding transaction. The minutes do not record further deliberation or a separate motion to set financing terms during the public portion of the meeting.
