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Wink-Loving ISD approves defeasance of Series 2024 bonds, citing $4.42M interest savings
Wink-Loving ISD Board of Trustees · June 16, 2025
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Summary
The board adopted a resolution to defease Series 2024 obligations, with minutes stating estimated interest savings of $4,419,289; the motion was unanimous.
The Wink-Loving ISD Board of Trustees on June 16 approved a resolution to defease certain currently outstanding district obligations associated with the Series 2024 bonds, with the board packet indicating an estimated interest savings of $4,419,289.
Trustee Melissa Halterman moved to adopt the resolution; Trustee Carrie Purcell seconded and the motion passed unanimously. Administration's materials referenced an escrow agreement and other accompanying documents as part of the defeasance process.
