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Caddo Mills ISD board authorizes unlimited tax school building bonds
Summary
Trustees voted 6–0 on Oct. 21, 2024, to approve an order authorizing the issuance of unlimited tax school building bonds and to create accounts for bond proceeds; motions were moved and seconded by Nanette Mulkey and Dane Scoggins.
On Oct. 21, 2024, the Caddo Mills ISD Board of Trustees approved an order authorizing the issuance of unlimited tax school building bonds.
Trustee Nanette Mulkey moved to approve the order authorizing the issuance of the bonds; Trustee Dane Scoggins seconded. The motion passed 6–0. Trustees then approved a separate motion to create new bond proceeds accounts with Alliance Bank and Lone Star Investment Pool to house the proceeds, a motion made by Dane Scoggins and seconded by Nanette Mulkey that also passed 6–0.
The board did not record further specifics about the bond amount, sale timetable, or use of proceeds in the minutes provided. The actions recorded in the meeting minutes indicate the board authorized the legal order to proceed and established accounts to receive proceeds; details such as bond sizing, interest rates, or sale date were not specified in the minutes and will be determined through subsequent staff and financial processes.
