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CFBISD board authorizes issuance of Unlimited Tax Refunding Bonds, Series 2024
Summary
Trustees authorized the issuance of Carrollton-Farmers Branch ISD Unlimited Tax Refunding Bonds, Series 2024, delegating execution authority to board members and staff; the motion passed unanimously Oct. 3, 2024. The minutes do not list the bonds' par amount or projected savings.
The Carrollton-Farmers Branch ISD Board voted unanimously Oct. 3 to authorize the issuance of "Carrollton-Farmers Branch Independent School District Unlimited Tax Refunding Bonds, Series 2024." Trustee Cassandra Hatfield offered the motion; Trustee Kim Brady seconded. The vote carried 7-0.
The board resolution delegating authority allows designated trustees and district staff to execute documents related to sale and delivery and to approve the distribution of an official statement and comply with Depository Trust Company procedures. The meeting minutes do not specify the bond par amount, the refunding structure, or projected debt-service savings; those fiscal details are recorded as "not specified" in the minutes and would appear in subsequent bond documents and an official statement, if distributed.
