Debt

The School District periodically issues tax-exempt debt to finance the construction of schools and to meet cash flow requirements. All issues are reviewed by the School Board's Finance Committee prior to approval by the School Board. Documentation related to the outstanding debt is available below.


Debt Issued By District:
Offering Statement Issue Date Original Principal Amount Principal Outstanding as of 6/30/2021 Final Maturity Rate Purpose/ Comments
COP 2010A QSCB Federally Taxable with Interest Subsidy 11/03/2010 $ 67,665,000 $ 67,665,000 08/01/2025 Fixed Capital Projects
COP 2011A 07/13/2011 $ 112,425,000 $ 6,335,000 08/01/2032 Fixed Refunding Issue (2007B)
COP 2011D 11/22/2011 $ 25,065,000 $ 1,665,000 08/01/2021 Fixed Refunding Issue (2003A)
COP 2012A 05/15/2012 $ 20,085,000 $ 1,795,000 08/01/2028 Fixed Refunding Issue (2002D)
COP 2012C 09/13/2012 $ 67,145,000 $ 47,945,000 08/01/2029 Fixed Refunding Issue (2004A)
COP 2014B 06/27/2014 $ 166,010,000 $ 92,640,000 08/01/2025 Fixed Refunding Issue (2011B)
COP 2014C 07/29/2014 $ 33,280,000 $ 33,280,000 08/01/2031 Fixed Refunding Issue (2007A)
COP 2015A 05/05/2015 $ 106,315,000 $ 18,915,000 08/01/2022 Fixed Refunding Issue (2005A)
COP 2015B 01/14/2015 $ 145,535,000 $ 116,470,000 08/01/2031 Fixed Refunding Issue (2006A)
COP 2015C 10/25/2015 $ 62,970,000 $ 62,970,000 08/01/2032 Fixed Refunding Issue (2011A)
COP 2015D 4/30/2015 $ 221,640,000 $ 191,915,000 08/01/2032 Fixed Refunding Issue
(2007A, 2007E)
COP 2017A 10/11/2017 $ 147,850,000 $ 135,045,000 08/01/2027 Fixed Refunding Issue (2007C)
COP 2017B 12/26/2017 $ 41,945,000 $ 41,945,000 08/01/2028 Fixed Refunding Issue
(2011A and 2012A)
COP 2018A 02/13/2018 $ 114,770,000 $ 91,050,000 08/01/2027 Fixed Refunding Issue (2014A)
COP 2018B 02/28/2018 $ 103,955,000 $ 98,045,000 08/01/2028 Fixed Refunding Issue (2012B)
COP 2018C 02/28/2018 $ 120,790,000 $ 118,790,000 08/01/2029 Fixed Refunding Issue (2003B)
COP 2020A 05/05/2020 $ 103,820,000 $ 103,820,000 08/01/2034 Fixed Capital Projects
COP 2021A
05/20/2021   $ 101,905,000 $ 101,905,000 08/01/2040 Fixed  Capital Projects
COP 2021B
05/20/2021 $ 9,935,000 $ 9,935,000 08/01/2035 Fixed  Capital Projects
Equipment Lease 2018 10/18/2018 $ 16,071,427 $ 8,274,445 08/01/2023 Fixed Chillers
Equipment Lease 2019 09/06/2019 $ 14,700,000 $ 10,404,058 08/01/2024 Fixed Chillers
Revolving Line of Credit 2019 06/27/2019 $ 80,000,000 $ 0 06/27/2022 Variable Sales Tax Projects
TOTAL

$1,360,808,503

 

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