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Trustees authorize CLASS Trust participation and delegate attendance-credit contracting to superintendent
Summary
Hallettsville ISD trustees approved a resolution to participate in the Texas CLASS investment trust, designated authorized representatives, approved the participation agreement, and delegated limited contractual authority to the superintendent under specified Texas Education Code sections for purchase of attendance credit agreements.
The board approved a resolution authorizing participation in the Texas Cooperative Liquid Assets and Securities System (CLASS) Trust and designated Dr. Jo Ann Bludau, Farrah Jernigan and Dustin Mayo as authorized representatives for CLASS-related actions.
Trustee Dennis Herring moved to approve the resolution and Trustee Sharesce Sidney seconded; the motion passed 5-0. The board then approved the CLASS Trust Participation Agreement in a separate motion.
In related action, trustees voted to delegate contractual authority for the 2024–25 school year to the superintendent solely for the purpose of obligating the district under specified provisions of the Texas Education Code related to the purchase of attendance credit agreements (netting Chapter 48 funding). "Motion by Holly Cliffe and second by Justin Smith that for the 2024'2025 school year, we delegate contractual authority to obligate the school district under Texas Education Code (TEC) —711.1511(c)(4) to the superintendent, solely for the purpose of obligating the district under TEC, —748.257 and TEC, Chapter 49, Subchapters A and D, and the rules adopted by the commissioner of education as authorized under TEC, 49.006. This includes approval of the Agreement for the Purchase of Attendance Credit or the Agreement for the Purchase of Attendance Credit (Netting Chapter 48 Funding). Passed 5-0." The motion passed unanimously.
