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Board extends depository contract with Prosperity Bank through Aug. 31, 2027
Summary
Trustees approved a resolution extending the district's depository contract with Prosperity Bank under Texas Education Code, Chapter 45, Subchapter G, effective Sept. 1, 2025 through Aug. 31, 2027.
The Board of Trustees approved a resolution extending Jourdanton ISD's depository contract with Prosperity Bank, citing Texas Education Code, Chapter 45, Subchapter G (school district depositories). The motion, made by Trustee Phillip Netardus and seconded by Trustee Nicole Rakowitz, passed with a recorded 6-0 vote and one absence.
Minutes record the motion in full: "I move that the board approve the resolution extending the depository contract under Texas Education Code, Chapter 45, Subchapter G, school district depositories with Prosperity Bank beginning September 1, 2025 through August 31, 2027 as presented." The board did not record questions or amendments; staff will coordinate the contract extension and bank communications.
