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Sterling City ISD

Unl Tax School Bldg Bonds Ser 2015

Last reported in fiscal year 2019, with $7,275,000 of principal then outstanding.

Terms

Closing date
July 30, 2015
Fiscal year issued
2015
Par amount
$9,235,000
New money / refunding
$9,235,000 / $0
Pledge
Tax-supported (general obligation)
Purpose
School facilities and equipment
Sale
Negotiated
Final maturity
August 15, 2030

Debt outstanding by fiscal year

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Principal, interest and debt service outstanding at each reporting date
Fiscal yearPrincipalInterestTotal debt service
2019$7,275,000$1,715,900$8,990,900
2018$7,790,000$2,017,200$9,807,200
2017$8,285,000$2,338,700$10,623,700
2016$8,765,000$2,677,300$11,442,300

Costs of issuance

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One-time costs reported: $217,314, or $23.53 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$9,235.00$1.00
Bond counselNaman Howell Smith & Lee PLLCOne time$10,000.00$1.08
Bond insurancePermanent School Fund (PSF) GuaranteeOne time$1,500.00$0.16
Cobond counselPowell & Leon LLPOne time$10,000.00$1.08
Financial advisorGovernment Capital CorpOne time$107,000.00$11.59
Underwriter's spread: management feeNot reportedOne time$9,235.00$1.00
Other costsNot reportedOne time$1,500.00$0.16
Paying agent and registrarBank of Texas NAOne time$500.00$0.05
Rating agencyS&POne time$10,500.00$1.14
Underwriter's spread: expensesNot reportedOne time$5,306.72$0.57
Underwriter's spread: takedownNot reportedOne time$42,537.50$4.61
Underwriter's counselMcGuire Woods LLPOne time$10,000.00$1.08

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.