San Antonio police have found no wrongdoing after a year-long investigation into allegations against a San Antonio engineering firm that manages the bond program of the Harlandale Independent School District.
A letter to superintendent Rey Madridgal from a detective in the police department's white collar crime division said the investigation had been closed.
Former superintendent Robert Jaklich told the Bexar County district attorney in August 2011 that Jasmine Engineering had submitted apparently bogus references for architectural firms. The firm has oversight of projects financed with proceeds of a $53 million bond package approved by voters in 2006 and a $13 million authorization in 2009.
Jaklich later resigned, citing lack of support from district trustees.
The ISD's $208.3 million of outstanding debt has underlying ratings of A1 from Moody's Investors Service, AA-minus by Fitch Ratings and A-plus by Standard & Poor's. The debt is enhanced to triple-A with coverage from the Texas Permanent School Fund.