SET UP BANK ACCOUNTS FOR BOND SERIES 2026

Staff Report & Agenda Item Details

SET UP BANK ACCOUNTS FOR BOND SERIES 2026 General Manager Shadden - Kate says that we did this last meeting authorizing the General Manager to do this but the bank is pushing back on me saying it must have specific language. I spoke with Tan yesterday about it and think we may have gotten around because what I wanted to do was use the approved meeting minutes so we open the accounts and get the money on the 21st. Just in case, I was going ahead and letting you approve of this, just in case the Bank comes back and must have specific language to open each account. Secretary Hankamer — We approved kind of a blanket and they want it more specific. Kate Leverett, District Attorney — Correct. Vice President Nicely made a Motion to approve opening new banking accounts for the 2026 Project I&S Fund CD, 2026 Project I&S Fund, and 2026 Project Reserve Fund CD at Anahuac National Bank. The motion was seconded by Secretary Hankamer and Director Rayburn and it passed by unanimous vote. General Manager Shadden — Before we move on, Cody, would like to tell the Board about the Grants that we just received, the $800,000.00. Cody Croley, GFT, Inc. - We had a meeting last week with Dan Ward and Jeff Ward, Grant Administrators at Jeffrey S. Ward & Associates. They assisted the district about 2 % years ago to put in these applications and Manuel and I worked on those applications while we were at LJA. It has taken about 2 % years for things to finally develop and say they are going to get fu

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 9.2/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.