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TSSBA presents fiscal-year-end debt report: $1.82 billion outstanding; sinking fund near balances for QSCBs
Summary
Tennessee State School Bond Authority staff presented the authority’s fiscal-year-end debt report showing $1.8187 billion in higher-education bonds outstanding, a revolving credit facility with $59.7 million outstanding, and sinking funds approaching the outstanding balance of qualified school construction bonds due in 2026–27.
Tennessee State School Bond Authority staff on July 21 presented the authority’s fiscal-year-end debt report showing $1,818,700,000 in higher-education bonds outstanding and a total of $59,727,000 outstanding under the authority’s revolving credit facility.
Sandy Thompson, TSSBA staff, outlined the balances: taxable bonds outstanding of $866,055,000 and tax-exempt bonds outstanding of $952,645,000 for a combined $1,818,700,000. The authority also has a…
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