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Bishop CISD board approves unlimited tax refunding bonds, Series 2025
Summary
The Bishop CISD Board of Trustees voted 5-0 to approve an order authorizing Unlimited Tax Refunding Bonds, Series 2025, delegating authority to district staff to finalize sale documents and levying a continuing ad valorem tax for bond payment.
The Bishop Consolidated Independent School District Board of Trustees voted unanimously on Feb. 24, 2025 to approve an order authorizing the issuance of Unlimited Tax Refunding Bonds, Series 2025, and to levy a continuing direct annual ad valorem tax for payment of the bonds. Board President Dawn Cavanaugh announced the motion, made by Trustee Judy Murdoch and seconded by Trustee Rosie Elizondo; the motion passed on a 5-0 vote.
According to the board action, the approval also resolved other matters incident to the issuance, sale and delivery of the bonds and delegated authority to certain district staff to approve and execute documents related to the bond sale. The board record does not specify the principal amount of the refunding issue or the expected debt-service savings; those figures were not provided in the meeting minutes.
Trustees conducted the bond vote during the business portion of the regular meeting after an informational public hearing earlier in the agenda. The motion language on the record included delegation of execution authority to staff so the district can complete administrative steps for the sale. The vote tally recorded in the minutes was AYE 5, NAY 0.
