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Debt Transparency

Debt Transparency

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 were 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.

  • This bond was paid off in July 2022 resulting in cost savings of $2,286,877 for the school district.

 

On July 1, 2016, the District issued Bonham Independent School District
Unlimited Tax School Building Bonds, Series 2016 in the amount of
$28,270,000. The bonds are due in annual principal installments of $130,000
to $1,685,000 through the fiscal year ended 2043, with interest at 2% to 5%.

 

On July 18, 2023, the District issued Bonham Independent School District
Unlimited Tax School Building Bonds, Series 2023 in the amount of
$69,945,000. The bonds are due in annual principal installments of $605,000
to $4,975,000 through the fiscal year ended 2053, with interest at 4% to 5%.
The intended use for the bond funds are to renovate the L.H. Rather Junior
High campus. The expected completion date for this project is 2026.

 

Texas Comptroller Website 
Debt Transparency Pledge    
Moody's Rating Report

HB 1378 Debt Transparency

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