Back to Docket Search
X.D.13 • Action ItemsBROWNSVILLE ISD (Cameron County)
Recommend approval of the Interest Free Bona Fide Loan in the amount of $5,000,000.00 to be repaid over a three (3) year term beginning with Payment #1 - $1,667,000.00 on August 4, 2027, Payment #2 - $1,667,000.00 on August 4, 2028 and Payment #3 - $1,666,000.00 on August 4, 2029 (Final Installment). Indirect costs will not be charged during the loan period in order to maximize available resource
Presented in: BROWNSVILLE ISD Board of Trustees Regular Meeting on 2026-08-04
Official Roll-Call Vote
PASSED (7 - 0)
“Action on Recommend approval of the Interest Free Bona Fide Loan in the amount of $5,000,000.00 to be repaid over a three (3) year term beginning with Payment #1 - $1,667,000.00 on August 4, 2027, Payment #2 - ”
FO
Frank Ortiz
Trustee, Place 5 (Place 5)
YES
MP
Minerva Pena
Trustee, Place 6 (Place 6)
YES
VV
Vacancy Vacancy
Trustee, Place 7 (Place 7)
YES
JG
Jessica Gonzalez
Trustee, Place 1 (Place 1)
YES
DL
Daniella Lopez Valdez
Trustee, Place 2 (Place 2)
YES
DG
Denise Garza
Trustee, Place 3 (Place 3)
YES
CE
Carlos Elizondo
Trustee, Place 4 (Place 4)
YES
Staff Report & Agenda Item Details
X.D.13. Recommend approval of the Interest Free Bona Fide Loan in the amount of $5,000,000.00 to be repaid over a three (3) year term beginning with Payment #1 - $1,667,000.00 on August 4, 2027, Payment #2 - $1,667,000.00 on August 4, 2028 and Payment #3 - $1,666,000.00 on August 4, 2029 (Final Installment). Indirect costs will not be charged during the loan period in order to maximize available resources. Attachments: ( 1 ) X. D. 13. Interest-Free Bona Fide Loan to FNS Department Fund 101 7/29/2026 at 1:37 PM