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La Porte ISD board authorizes $2025 bond issuance with unanimous vote
Summary
The La Porte ISD Board on April 8 adopted Resolution No. 2025-04, authorizing the issuance of Unlimited Tax School Building Bonds, Series 2025, after a plan-of-finance presentation by Samco Capital; the motion passed 6–0.
The La Porte Independent School District Board of Trustees adopted Resolution No. 2025-04 on April 8 authorizing the issuance of the district’s Unlimited Tax School Building Bonds, Series 2025. Trustee Russell Schoppe moved to adopt the resolution; Trustee Melissa Crutcher seconded. The motion passed by a vote of 6 to 0.
Trustees heard a Summary of the Plan of Finance from Attorney Doug Whitt of Samco Capital before the vote. The presentation covered financing options and the proposed bond issuance structure to support district capital needs. No dissenting votes were recorded.
The board’s action sets parameters for the bond sale; specific sale timing, interest rate, and final par amount will be determined under those parameters and in coordination with the district's financial advisors. The resolution was listed on the agenda as “Authorizing the Issuance of the La Porte Independent School District Unlimited Tax School Bonds, series 2025.”
