Office of the Superintendent of Schools
Office of Finance and Operations
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Adoption Of Resolution Approving The Debt Management Policy
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The Houston Independent School District (HISD) has enacted a formal Debt Management Policy with the purpose of establishing guidelines governing the issuance, management, and reporting of all debt obligations issued by HISD and the Public Facility Corporation, and to provide for the actions necessary to ensure proper implementation and compliance with this policy. The Debt Management Policy must be approved annually by the board.
Adherence to the policy indicates to rating agencies and capital markets that the district’s debt is managed in a prudent manner.
Recommended Changes:
• Remove deputy chief financial officer.
• Remove the mention of Pay As You Go renovation program.
• Update legal limitation of time warrants from five years to fifteen years.
• Update language throughout the policy for clarity and consistency.
The attached copy of the Debt Management Policy showing the proposed changes has been reviewed by the district’s chief financial officer, treasurer, bond counsel, disclosure counsel, and financial advisors.
A copy of the Resolution Relating to the Approval of the Debt Management Policy is also attached.
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COST/FUNDING SOURCE(S): |
None |
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STAFFING IMPLICATIONS: |
None |
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THIS ITEM DOES NOT ESTABLISH, MODIFY, OR DELETE BOARD POLICY.
recommendation
RECOMMENDED: That the School Board adopts the resolution approving the Debt Management Policy and its changes, effective June 13, 2025.