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Passed

Authorization for School Board Bank Account Maintenance

Original title: Approve and Authorize the Execution of the Disclosure Statement and Account Maintenance Form by the Board Chairperson and the Superintendent on the Florida Prime Bank Account.

Record date · December 10, 2024

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What This Bill Does

The School Board has approved the Board Chairperson and the Superintendent to sign official documents required to maintain the district's Florida Prime bank account.

Why it matters

This action ensures the school district maintains uninterrupted access to its Florida Prime investment account by updating the authorized signatories.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Board Chairperson

Granted the authority to sign disclosure and maintenance forms for the Florida Prime account.

Directly affected

Superintendent

Granted the authority to sign disclosure and maintenance forms for the Florida Prime account.

Key Facts

  • The School Board passed the authorization for the Board Chairperson and the Superintendent to execute account maintenance forms.
  • The authorization specifically applies to the district's Florida Prime bank account.
  • The action was recorded under file number 25-2698.
  • The item was introduced and processed during the School Board Regular Meeting on November 18, 2024.

Frequently Asked Questions

What is the Florida Prime account?
It is an investment pool account used by the school district for financial management.
Why did the Board need to vote on this?
Financial institutions require formal board authorization to update or maintain the list of individuals permitted to sign account documents.

What else do you want to know?

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Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sources

Open source document

webapi.legistar.com

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