...Sale Date: Aug. 7, via competitive sale. Series: $12 million Unlimited Tax (ULT) School Building Bonds, series 2019 Purpose: Proceeds will be used for designing, constructing, renovating, improving, upgrading, updating, acquiring and equipping school facilities, the purchase of the necessary sites for school facilities, and the purchase of new school buses. Security: Unlimited property tax levy, and further secured by the Texas Permanent School Fund (PSF) bond guarantee program. The 'AA' Issuer Default Rating (IDR) reflects Bryan Independent School District's (Bryan ISD, or the district) sound economic underpinnings, strong gap-closing capacity, moderate fixed costs and a moderate long-term liability burden on the resource base. The district's economic base is stable and mature. Economic Resource Base: Bryan ISD encompasses a large 400 square mile area in the College Station-Bryan metropolitan statistical area (MSA). The city is about 90 miles equidistant from Houston and Austin. The flagship...
