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.
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