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Board authorizes superintendent to invest in Legend Bank CDARS program
Summary
The Prairie Valley ISD board granted the superintendent authority to invest funds in the Legend Bank CDARS program after a 5-0 vote (motion by Dr. B. Carpenter, seconded by David Allan).
The board approved a motion to authorize the superintendent to invest district funds in the Legend Bank CDARS program. Dr. B. Carpenter moved the measure and David Allan seconded; the motion passed 5-0.
Minutes record the action as a delegation of authority to the superintendent to pursue the Legend Bank CDARS investment as presented. The minutes do not provide further details about amounts, timing, or terms; staff follow-up is required to provide those specifics ahead of implementation.
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