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Kerens ISD

Unl Tax School Bldg & Ref Bonds Ser 2018

$870,000 of principal outstanding at the end of fiscal year 2025.

Terms

Closing date
March 19, 2018
Fiscal year issued
2018
Par amount
$8,480,000
New money / refunding
$6,985,000 / $1,495,000
Pledge
Tax-supported (general obligation)
Purpose
School facilities and equipment
Sale
Negotiated
Final maturity
August 15, 2048

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2025$870,000$53,400$923,400
2024$1,140,000$93,600$1,233,600
2023$1,400,000$144,400$1,544,400
2022$1,650,000$204,150$1,854,150
2021$7,800,000$4,903,300$12,703,300
2020$8,030,000$5,232,250$13,262,250
2019$8,255,000$5,568,025$13,823,025
2018$8,480,000$5,909,425$14,389,425

Costs of issuance

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One-time costs reported: $182,639, or $21.54 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$8,480.00$1.00
Bond counselPowell & Leon LLPOne time$12,500.00$1.47
Bond insurancePermanent School Fund (PSF) GuaranteeOne time$1,500.00$0.18
Financial advisorLive Oak Public Finance LLCOne time$65,469.19$7.72
Underwriter's spread: management feeNot reportedOne time$8,480.00$1.00
Other costsNot reportedOne time$5,000.00$0.59
Other costsNot reportedOne time$2,000.00$0.24
Paying agent and registrarUMB Bank NAOne time$500.00$0.06
PrintingMuniOSOne time$2,000.00$0.24
PrintingOrrick Herrington & Sutcliffe LLPOne time$7,500.00$0.88
Rating agencyS&POne time$11,625.00$1.37
Underwriter's spread: expensesNot reportedOne time$5,597.65$0.66
Underwriter's spread: takedownNot reportedOne time$39,487.50$4.66
Underwriter's counsel (paid by the underwriter)Orrick Herrington & Sutcliffe LLPOne time$12,500.00$1.47

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.