Tennessee State School Bond Authority successfully sells $217M in bonds

The Tennessee State School Bond Authority meeting held on May 19, 2025, focused on the results of the recent bond sale for the 2025 Series A and Series B bonds. The meeting began with a report presented by Sandy Thompson, who detailed the outcomes of the bond sale.

Thompson noted that the bonds were initially scheduled for a competitive sale on April 9 but were successfully sold on April 14. The closing of these bonds took place on May 6. The total amount sold was $217,935,000. This included $164,290,000 in tax-exempt bonds from the 2025 Series A and $53,645,000 in taxable bonds from the 2025 Series B.

The meeting concluded with a clear understanding of the bond sale's success and its implications for funding educational initiatives in Tennessee. Further discussions on the impact of these funds on state schools are anticipated in future meetings.