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Board authorizes remarketing of district variable-rate bonds and delegates authority
Summary
Trustees approved an order authorizing the remarketing of outstanding variable-rate bonds and delegated authority to district administration to complete the remarketing. The motion passed unanimously, 7-0.
At the April 14, 2025 meeting the Bullard ISD Board of Trustees approved an order authorizing the remarketing of the district's outstanding variable-rate bonds and delegated authority to administration to complete the process.
Trustee Stephanie Luper moved the action and Trustee Jason Stainback seconded; the motion carried 7-0. The minutes record the board's delegation of authority to administration to complete the remarketing as presented, but they do not include additional details such as timeline, underwriter, or financial advisory terms.
The item was flagged in the Superintendent's report and then presented as an action item later on the agenda. The minutes show the board handled the matter during open session immediately after reconvening from closed session.
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