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Garland

Comb Tax & Elec Util Sys Surplus Rev Ref Bonds Ser 2015

Last reported in fiscal year 2019, with $11,860,000 of principal then outstanding.

Terms

Closing date
August 27, 2015
Fiscal year issued
2015
Par amount
$53,870,000
New money / refunding
$0 / $53,870,000
Pledge
Tax-supported (general obligation)
Purpose
Refunding
Sale
Negotiated
Final maturity
August 15, 2020

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2019$11,860,000$296,500$12,156,500
2018$23,140,000$1,171,500$24,311,500
2017$33,870,000$2,596,750$36,466,750
2016$44,075,000$4,545,375$48,620,375

Costs of issuance

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One-time costs reported: $374,760, or $6.96 per $1,000 of par (computed here).

Each cost of issuance, who was paid and how much
CostPaid toTypeAmountPer $1,000
Accountant CPAWeaverOne time$1,500.00$0.03
Attorney General reviewNot reportedOne time$9,500.00$0.18
Bond counselNorton Rose Fulbright US LLPOne time$70,000.00$1.30
Bond insuranceNoneOne time$0.00$0.00
ContingencyNot reportedOne time$6,668.97$0.12
Escrow agentBank of New York Mellon Trust CoOne time$1,500.00$0.03
Escrow verificationGrant Thornton LLPOne time$3,000.00$0.06
Financial advisorFirst Southwest Co LLCOne time$57,459.38$1.07
Underwriter's spread: management feeNot reportedOne time$13,467.50$0.25
Paying agent and registrarAmegy Bank of TexasOne time$400.00$0.01
Paying agent and registrarAmegy Bank of TexasAnnual$400.00$0.01
PrintingFirst Southwest Co LLCOne time$2,800.00$0.05
PrintingIpreo LLCOne time$760.00$0.01
Rating agencyFitchOne time$25,000.00$0.46
Rating agencyS&POne time$24,637.00$0.46
Underwriter's spread: expensesNot reportedOne time$8,700.60$0.16
Underwriter's spread: takedownNot reportedOne time$122,431.25$2.27
Underwriter's counsel (paid by the underwriter)Bracewell LLPOne time$26,935.00$0.50

Source: Local Issuance Fee By Year (updated by the publisher Sep 9, 2026); Debt Outstanding By Issuance Local By Year (updated by the publisher Sep 9, 2026). Loaded here Oct 3, 2026.

Texas fiscal years run September 1 to August 31.

Figures are as reported to the agency and have not been independently verified.