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MATAGORDA ISD board approves $500,000 bank loan resolution
Summary
The Matagorda ISD Board of Trustees on Sept. 23 approved a resolution authorizing a $500,000 bank loan; the motion passed 6-0 with Christina Treybig moving and Luke Rawlings seconding.
The Matagorda Independent School District Board of Trustees approved a draft resolution authorizing a bank loan in the amount of $500,000 at its Sept. 23, 2024 meeting. Christina Treybig moved to approve the resolution and Luke Rawlings seconded; the motion carried on a 6-0 vote.
The minutes do not specify the intended use of the loan or the lender; the action is recorded as approval of the draft resolution only. No public comment or additional discussion about loan terms appears in the minutes. The board entered closed session later in the meeting to discuss personnel, and the meeting adjourned at 7:02 p.m.
