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Spearman ISD

MTN Ser 2014

Last reported in fiscal year 2019, with $262,000 of principal then outstanding.

Terms

Closing date
October 15, 2014
Fiscal year issued
2015
Par amount
$1,520,000
New money / refunding
$1,520,000 / $0
Pledge
Tax-supported (general obligation)
Purpose
School facilities and equipment
Sale
Private placement
Final maturity
August 15, 2020

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2019$262,000$1,952$263,952
2018$520,000$7,778$527,778
2017$775,000$17,426$792,426
2016$1,026,000$30,843$1,056,843

Costs of issuance

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One-time costs reported: $20,000, or $13.16 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$1,520.00$1.00
Bond counselMcCall Parkhurst & Horton LLPOne time$4,000.00$2.63
Bond insuranceNoneOne time$0.00$0.00
Financial advisorSouthwest Securities IncOne time$14,480.00$9.53
Paying agent and registrarIndependent Bankers Bank TIBOne 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 4, 2026.

Texas fiscal years run September 1 to August 31.

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