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Quitman ISD authorizes dedicated checking account for Bond Proposition B funds
Summary
The board unanimously authorized a dedicated checking account for deposit, management, and disbursement of funds related to Bond Proposition B to comply with applicable laws and financial policies.
At its Jan. 19 meeting the Quitman ISD Board of Trustees authorized the district to open a dedicated checking account to receive, manage, and disburse funds related to Bond Proposition B. Trustee Royce Patterson moved for authorization and Trustee Shauna Attaway seconded; the recorded vote was unanimous.
The minutes record the resolution language approving the dedicated account "for the deposit, management, and disbursement of funds related to Bond Proposition B, in accordance with applicable laws and financial policies." The board did not record additional operational details in the excerpt, such as signatories or the bank to be used; those administrative details will follow standard district fiscal procedures.
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