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Pulaski County Special School District OKs second-lien bonds to fund school projects
Summary
The Pulaski County Special School District board authorized a second-lien bond issue to fund construction work at multiple schools, approving the bond resolution unanimously and scheduling an October closing after a 30-day FOIA safe-harbor period.
The Pulaski County Special School District board on Sept. 9 approved a resolution authorizing the issuance of second-lien bonds to raise funds for capital projects at district schools, voting unanimously to adopt the measure.
The bond sale was sized with a par amount of $15,370,000. Presenters said investor reoffering premium and standard fees left the district with net proceeds that exceeded the board’s minimum project target by roughly $142,707. The district’s advisers told the board the bonds will be dated and closed Oct. 14, 2025, after a 30‑day period established to reduce litigation risk under recent changes to Arkansas’s Freedom of Information Act.
Board members heard a breakdown of the sale from the…
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