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Board approves TASB property insurance renewal and names First State Bank as district depository
Summary
Abernathy ISD's trustees approved renewal of TASB property insurance effective July 1, 2025, and awarded depository services to First State Bank after reviewing proposals. Both motions passed unanimously during the May 12 meeting.
The Abernathy ISD Board voted to renew TASB property insurance coverage for the year beginning July 1, 2025. "I move to approve TASB Property Insurance Renewal for the year beginning July 1, 2025 as presented," said Mike Magallanes; the motion passed 7–0.
The board also reviewed depository services proposals and approved awarding the district depository contract to First State Bank. "I move to award depository services to First State Bank," said Matt Miller, and the motion carried unanimously. The minutes do not list proposal details or the length or monetary terms of the depository agreement; those are retained in the district procurement file.
