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Topic: Tennessee State School Bond Authority

Tennessee Bond Sale includes nearly $13 Million Savings


Tennessee Comptroller of the TreasuryNashville, TN – The Tennessee State School Bond Authority (TSSBA) has closed a bond deal that will save the state $12.9 while also helping to finance construction projects at Tennessee colleges and universities.

The TSSBA was able to take advantage of its strong credit rating and favorable market conditions to refinance outstanding bonds with lower interest rates. Those rates will result in additional savings over time. «Read the rest of this article»

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Austin Peay State University to acquire Jenkins and Wynne Property


State of TennesseeNashville, TN – Tennessee State Representative Curtis Johnson (R-Clarksville) has announced that the Tennessee State School Bond Authority has approved short term financing to be used, in part, to acquire over 10 ½ acres for Austin Peay State University.

This acquisition will be funded by Campus Plant Funds and the short-term bond issue.”

“The action of the School Bond Authority is a crucial step in financing this project,” said Rep. Johnson. “The short-term bond should be paid off within five years.”

Austin Peay State University.

Austin Peay State University.

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Tennessee sells $345 Million in Higher Education Facilities Bonds


State of TennesseeNashville, TN – The Tennessee State School Bond Authority has just completed the sale of $345 million of higher education facilities bonds to finance the costs of projects for the state’s higher education system. Tennessee’s excellent credit stimulated heavy interest from bond buyers, allowing bonds to be sold at historically low rates.

The School Bond Authority sold $132 million in 2014 Series A taxable bonds at a true interest cost of 3.59%. «Read the rest of this article»

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State School Bond Authority to provide $126.7 Million in Loans for School Construction and Renovation


Communities across Tennessee will have an opportunity to apply for low-interest loans for school construction and renovation projects through the state’s Qualified School Construction Bond (QSCB) program.

City and county government officials can attend an informational meeting about the application process on May 27th, 2010 at 1:30 pm in Room 29 of the Legislative Plaza in Nashville.

A video stream of the meeting may be accessible via the Internet, if the Tennessee General Assembly is not in session. If video streaming is not available, the meeting will not be recorded for viewing at a later date. «Read the rest of this article»

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Communities to receive financing to build or repair schools


CMCSS receives 20 Million for Renovation of Montgomery Central High School

comptrollerCommunities throughout Tennessee will receive financing to build or repair schools as a result of the Tennessee State School Bond Authority’s (TSSBA) action on Thursday.

The TSSBA finalized plans to sell up to $184 million worth of Qualified School Construction Bonds (QSCBs) as part of a program created by the federal American Recovery and Reinvestment Act. The bonds are tax credit bonds that provide a federal tax credit to the investor on a quarterly basis. The bonds may also pay a supplemental coupon to the bondholders on a quarterly basis.

Thursday the TSSBA selected a bond underwriting team, approved a final bond resolution and finalized documents needed to move forward with the bond sale. The TSSBA had preliminarily approved the loans in September and, after some revisions in loan amounts and the addition of the City of Kingsport as a new borrower, the revised list of project loans were approved by the TSSBA.

The TSSBA will invest the proceeds from the bond sale in the State Pooled Investment Fund (SPIF) and will disburse the funds to the communities to pay the expenses related to their school construction projects.


Montgomery Central High School after the renovations

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Austin Peay Center at Fort Campbell schedules opening celebration


Austin Peay State University will celebrate the opening of the new Austin Peay Center @ Fort Campbell education facility next month.


Architectural rendering of new Education Center

APSU faculty, staff and students are invited to attend the grand opening at 9 a.m., Wednesday, March 18 at the new classroom/office building across the street from the SSG Glenn H. English Jr. Army Education Center, Bastogne Avenue, Fort Campbell, Ky. «Read the rest of this article»


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