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SWIDA authorizes up to $32 million in bonds for East St. Louis School District 189
Summary
The SWIDA board approved a resolution to issue Local Government Program Revenue Bonds for East St. Louis School District No. 189 in an aggregate principal amount not to exceed $32,000,000 and authorized related documents and statements.
The Southwestern Illinois Development Authority board voted to authorize issuance of Local Government Program Revenue Bonds for East St. Louis School District Number 189 in an amount not to exceed $32,000,000 at its April 16, 2026 meeting.
Debra Moore moved to approve the resolution; Rodney Caffey seconded. The motion authorized the sale of the bonds, execution and delivery of a depository agreement, a local government securities purchase agreement, a purchase contract and other related documents, and approved distribution of a preliminary official statement and an official statement. The motion passed without dissent by unanimous roll call.
The minutes do not list the terms of the bonds (rates, maturities, or purchaser) or attach the distribution documents. No public comment on the authorization was recorded in the meeting minutes.
