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Gruver ISD

Unl Tax School Bldg Bonds Ser 2016

Last reported in fiscal year 2020, with $500,000 of principal then outstanding.

Terms

Closing date
February 25, 2016
Fiscal year issued
2016
Par amount
$2,500,000
New money / refunding
$2,500,000 / $0
Pledge
Tax-supported (general obligation)
Purpose
School facilities and equipment
Sale
Private placement
Final maturity
August 15, 2021

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2020$500,000$4,750$504,750
2019$1,000,000$19,000$1,019,000
2018$1,500,000$42,750$1,542,750
2017$2,000,000$76,000$2,076,000
2016$2,500,000$118,750$2,618,750

Costs of issuance

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One-time costs reported: $17,200, or $6.88 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$2,500.00$1.00
Bond counselUnderwood Law Firm PCOne time$13,200.00$5.28
Bond insurancePermanent School Fund (PSF) GuaranteeOne time$1,500.00$0.60
Paying agent and registrarIndependent Bankers Bank TIBAnnualNot reported

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.