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Mid State staff brief board on $1.5M promissory note sale, AA1 rating
Mid State Technical College District Board of Directors · January 22, 2026
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Summary
Board received information that Mid State sold a $1.5 million general obligation promissory note (series 2022A) at an estimated true interest cost of about 3% and that bond rating remained AA1 with stable enrollment; no action was taken beyond receipt of information.
Board members received an informational update on the college’s recent primary-note sale and bond rating. Debbie Brunette of RW Baird presented a final pricing summary for a Jan. 12 primary note sale: a $1,500,000 general obligation promissory note…
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