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Board approves continuing depository contract with First Financial under state code (7–0)
Summary
Trustees voted unanimously to continue a depository contract with First Financial for two years; staff cited Texas Education Code requirements for depository contracts and optional two‑year extension terms.
Staff cited the Texas Education Code requirement that school districts enter a depository services contract every two years (with optional extensions) and recommended continuing the district's agreement with First Financial for a two‑year term. A motion to continue with First Financial was made and the board recorded a 7–0 vote in favor.
Board discussion included a brief acknowledgement of the district's approved DOI plan and a staff confirmation of the recommendation; no dissent or alternatives were raised on the record. Staff will proceed with the contract extension per the board motion.
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