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Somerville ISD

Unl Tax School Bldg Bonds Ser 2016

$6,495,000 of principal outstanding at the end of fiscal year 2025.

Terms

Closing date
August 11, 2016
Fiscal year issued
2016
Par amount
$8,860,000
New money / refunding
$8,860,000 / $0
Pledge
Tax-supported (general obligation)
Purpose
School facilities and equipment
Sale
Competitive
Final maturity
August 15, 2041

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2025$6,495,000$1,685,575$8,180,575
2024$6,800,000$1,889,725$8,689,725
2023$7,095,000$2,105,875$9,200,875
2022$7,380,000$2,333,625$9,713,625
2021$7,655,000$2,572,575$10,227,575
2020$7,915,000$2,822,225$10,737,225
2019$8,165,000$3,082,075$11,247,075
2018$8,405,000$3,351,725$11,756,725
2017$8,640,000$3,630,875$12,270,875
2016$8,860,000$3,922,377$12,782,377

Costs of issuance

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One-time costs reported: $159,393, or $17.99 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$9,500.00$1.07
Bond counselAndrews & Kurth LLPOne time$30,000.00$3.39
Bond counselAndrews & Kurth LLPOne time$500.00$0.06
Bond insurancePermanent School Fund (PSF) GuaranteeOne time$1,500.00$0.17
Escrow agentAmegy Bank of TexasOne time$250.00$0.03
Financial advisorUS Capital Advisors LLCOne time$47,060.00$5.31
Underwriter's spread: management feeNot reportedOne time$16,989.61$1.92
Other costsNot reportedOne time$360.00$0.04
Paying agent and registrarAmegy Bank of TexasAnnual$750.00$0.08
PrintingImageMaster LLCOne time$1,925.00$0.22
Rating agencyS&POne time$10,500.00$1.19
Underwriter's spread: expensesNot reportedOne time$4,562.90$0.52
Underwriter's spread: takedownNot reportedOne time$36,245.00$4.09

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.