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Spearman ISD board approves $4.75 million taxable refunding bonds
Summary
The board adopted an order authorizing Spearman ISD to issue Unlimited Tax Refunding Bonds, Taxable Series 2025A, in an estimated principal amount of $4,750,000 and levying ad valorem tax for repayment; the motion passed 6-0.
The Spearman Independent School District Board of Trustees adopted an Order authorizing the issuance, sale and delivery of Unlimited Tax Refunding Bonds, Taxable Series 2025A, in an estimated principal amount of $4,750,000 and levying an ad valorem tax for payment of the bonds.
The motion to adopt the order was made by Jay Tracy and seconded by Karla Flowers; the board approved the order 6-0. The minutes record the estimated principal amount as $4,750,000; additional terms, interest rates, sale agent, or final pricing were not specified in the meeting minutes.
Board members approved the authorization unanimously at the special session; staff will proceed with bond issuance steps consistent with the adopted Order.
