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Board approves Texas Connect as additional liquidity option
Summary
The board voted unanimously to add Texas Connect as an additional liquidity option for district funds; the motion was passed without recorded debate and trustees voted 6–0.
The board approved Texas Connect as an additional district liquidity option during the April 13 meeting.
The motion, made by Brenda Duhon and seconded by Brandon Cropper, was recorded in the minutes as: "Motion to approve Texas Connect as an additional liquidity option." The vote was unanimous, Yea: 6, Nay: 0. The minutes include no further discussion of terms, anticipated use, or dollar amounts tied to the liquidity option.
Trustees requested no additional public follow up in the minutes; district staff or the Business Office can provide specifics about how Texas Connect will be integrated into the district's cash management strategy.
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