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Navasota ISD board approves bond-sale Scenario A, authorizing refunding and $71 million in new money over two issues
Summary
Trustees voted 7-0 Aug. 19 to approve bond-sale Scenario A, which includes a $3,040,000 refunding of a 2024 Maintenance Tax Note, $41,000,000 new money in 2024 and $30,000,000 new money in 2026.
The Navasota ISD Board of Trustees approved Scenario A for selling bonds at the Aug. 19 special meeting. The motion, recorded in the minutes as made by Greg Mock and seconded by Amy Jarvis, passed unanimously 7-0.
Minutes detail that Scenario A authorizes a $3,040,000 refunding of a 2024 Maintenance Tax Note, plus new-money bond issues of $41,000,000 in 2024 and $30,000,000 in 2026. The minutes record approval of the scenario but do not include bond sale mechanics, interest estimates, or a financing schedule—those details are expected to be managed by district finance staff and legal counsel in subsequent steps.
