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Debt Transparency

Debt Transparency

On May 17, 2007, the District issued Bonham Independent School District Unlimited Tax Refunding bonds, Series 2007 in the amount of $5,519,999. The bonds were issued as Current Interest Bonds and Capital Appreciation Bonds in the amount of $5,350,000 and $169,999 respectively. The Current Interest bonds are due serially in varying amounts from $375,000 to $515,000 through August 2020 and have a stated interest rate of 4.00%. The Capital Appreciation bonds matured August 1, 2008.  The bond funds were used to provide redemption of the Series 1995 bonds, which was issued to build the Finley-Oates campus. This provided the district with a cost savings.

Series 2007 Amortization Schedule

 

On July 5, 2012, the District issued Bonham Independent School District Unlimited Tax School Building bonds, Series 2012 in the amount of $6,955,000. The bonds are due in annual installments of $115,000 to $340,000 through 2043, with interest at 2% to 4%. The bond funds were used for the I.W. Evans campus renovations, which included the addition of eight new classrooms, a new gymnasium, and renovations to the entire campus.  The renovations were completed in August of 2013. 

Series 2012 Amortization Schedule 


I.W. Evans Intermediate Additions and Renovations

Texas Comptroller Website 

Debt Transparency Pledge    

Moody's Rating Letter 

Moody's Rating Report

HB 1378 Debt Transparency

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