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Grand Saline

Tax Notes Ser 2016

Last reported in fiscal year 2022, with $70,000 of principal then outstanding.

Terms

Closing date
April 28, 2016
Fiscal year issued
2016
Par amount
$456,000
New money / refunding
$456,000 / $0
Pledge
Tax-supported (general obligation)
Purpose
General purpose
Sale
Private placement
Final maturity
April 15, 2023

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2022$70,000$1,645$71,645
2021$138,000$4,888$142,888
2020$205,000$9,706$214,706
2019$270,000$16,051$286,051
2018$333,000$23,876$356,876
2017$395,000$33,159$428,159
2016$456,000$43,488$499,488

Costs of issuance

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One-time costs reported: $16,000, or $35.09 per $1,000 of par (computed here).

Each cost of issuance, who was paid and how much
CostPaid toTypeAmountPer $1,000
Attorney General reviewNot reportedOne time$750.00$1.64
Bond counselOrrick Herrington & Sutcliffe LLPOne time$5,000.00$10.96
Bond insuranceNoneOne time$0.00$0.00
Financial advisorGovernment Capital CorpOne time$10,000.00$21.93
Other costsNot reportedOne time$250.00$0.55
Paying agent and registrarSouthside BankOne time$0.00$0.00

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 4, 2026.

Texas fiscal years run September 1 to August 31.

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