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Somerset ISD

MTN Ser 2019

$660,000 of principal outstanding at the end of fiscal year 2025.

Terms

Closing date
June 13, 2019
Fiscal year issued
2019
Par amount
$1,080,000
New money / refunding
$1,080,000 / $0
Pledge
Tax-supported (general obligation)
Purpose
School facilities and equipment
Sale
Private placement
Final maturity
August 15, 2033

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2025$660,000$82,215$742,215
2024$735,000$101,898$836,898
2023$805,000$123,456$928,456
2022$875,000$146,888$1,021,888
2021$940,000$172,062$1,112,062
2020$1,005,000$198,975$1,203,975
2019$1,070,000$227,630$1,297,630

Costs of issuance

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One-time costs reported: $70,000, or $64.81 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$1,080.00$1.00
Bank counselNaman Howell Smith & Lee PLLCOne time$750.00$0.69
Bond counselBracewell LLPOne time$21,000.00$19.44
ContingencyNot reportedOne time$20,730.00$19.19
Financial advisorPFM GroupOne time$21,440.00$19.85
Paying agent and registrarJP Morgan Chase & CoOne time$0.00$0.00
Private placementFTN Financial Capital Assets CorpOne time$5,000.00$4.63

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.