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Rankin ISD

Unl Tax School Bldg Bond Ser 2022

Last reported in fiscal year 2023, with $500,000 of principal then outstanding.

Terms

Closing date
July 12, 2022
Fiscal year issued
2022
Par amount
$4,000,000
New money / refunding
$4,000,000 / $0
Pledge
Tax-supported (general obligation)
Purpose
School facilities and equipment
Sale
Private placement
Final maturity
August 15, 2024

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2023$500,000$4,825$504,825
2022$4,000,000$55,327$4,055,327

Costs of issuance

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One-time costs reported: $62,800, or $15.70 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$4,000.00$1.00
Bond counselMcCall Parkhurst & Horton LLPOne time$17,000.00$4.25
Bond insurancePermanent School Fund (PSF) GuaranteeOne time$1,500.00$0.38
ContingencyNot reportedOne time$2,000.00$0.50
Financial advisorHilltop Securities IncOne time$37,500.00$9.38
MACNot reportedOne time$800.00$0.20
Paying agent and registrarTruist 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 3, 2026.

Texas fiscal years run September 1 to August 31.

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