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Leon ISD board authorizes Maintenance Tax Notes, Series 2025 and reimbursement resolution
Summary
Trustees approved a resolution authorizing issuance of "LEON Independent School District Maintenance Tax Notes, Series 2025" and a related reimbursement resolution for prior lawful expenditures; motions recorded 5-0 with no dollar amounts specified in the minutes.
The Leon Independent School District Board of Trustees voted on Nov. 10, 2025 to authorize the issuance of Maintenance Tax Notes, Series 2025, and separately approved a reimbursement-resolution to allow the district to reimburse prior lawful expenditures for capital improvements from proceeds of tax-exempt obligations.
Minutes record the resolution authorizing the issuance of "LEON Independent School District Maintenance Tax Notes, Series 2025" and related documents — including a Paying Agent/Registrar Agreement and Placement Agent Agreement — as approved by motion with a recorded vote of 5-0. The district did not include dollar amounts or final sale terms in the public minutes. Separately, the board approved a resolution establishing intent to reimburse prior expenditures related to constructing and equipping district improvements; that motion is also recorded as 5-0.
The minutes list the motions and authorizations but do not provide the specific monetary size of the notes or the reimbursement total. Next steps typically include finalizing sale documents and filing required post-sale disclosures, though those steps were not recorded in the minutes.
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