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Somerset ISD

Unl Tax Ref Bonds Ser 2014

$1,920,000 of principal outstanding at the end of fiscal year 2025.

Terms

Closing date
October 28, 2014
Fiscal year issued
2015
Par amount
$3,685,000
New money / refunding
$0 / $3,685,000
Pledge
Tax-supported (general obligation)
Purpose
Refunding
Sale
Negotiated
Final maturity
August 15, 2034

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2025$1,920,000$386,625$2,306,625
2024$2,095,000$465,488$2,560,488
2023$2,270,000$549,600$2,819,600
2022$2,440,000$638,813$3,078,813
2021$2,605,000$732,975$3,337,975
2020$2,760,000$831,788$3,591,788
2019$2,915,000$935,250$3,850,250
2018$3,065,000$1,043,213$4,108,213
2017$3,210,000$1,155,525$4,365,525
2016$3,350,000$1,270,638$4,620,638

Costs of issuance

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One-time costs reported: $121,724, or $33.03 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$3,685.00$1.00
Bond counselBracewell LLPOne time$15,000.00$4.07
Bond insurancePermanent School Fund (PSF) GuaranteeOne time$1,500.00$0.41
Cobond counselWalsh Gallegos PCOne time$6,500.00$1.76
ContingencyNot reportedOne time$9,777.98$2.65
Escrow agentBank of Texas NAOne time$500.00$0.14
Financial advisorEstrada Hinojosa & Co IncOne time$36,765.63$9.98
Underwriter's spread: management feeNot reportedOne time$3,685.00$1.00
Other costsNot reportedOne time$1,000.00$0.27
Other costsNot reportedOne time$1,000.00$0.27
Paying agent and registrarBank of Texas NAOne time$350.00$0.10
Paying agent and registrarBank of Texas NAAnnual$350.00$0.10
PrintingFinancial Printing Resources IncOne time$3,500.00$0.95
Rating agencyMoodysOne time$8,925.00$2.42
Underwriter's spread: expensesNot reportedOne time$2,800.60$0.76
Underwriter's spread: takedownNot reportedOne time$16,435.10$4.46
TrusteeBank of New York Mellon Trust CoOne time$300.00$0.08
Underwriter's counsel (paid by the underwriter)Winstead PCOne time$10,000.00$2.71

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.