Smith County Commissioners approve sale of road bonds at historic interest rate
Posted/updated on: June 24, 2020 at 11:59 am
TYLER — County Commissioner’s in Smith County voted Tuesday, to approve the sale of the third tranche of voter-approved road bonds at an historically low interest rate. The court noted in the release, they had received seven competitive bids. Specialized Public Finance Inc. bid general obligation bonds, and will net the county $7.75 million towards the third year of the first phase of the three-year bond package. Of the 7 bids received, Huntington Securities, Inc. won the bid at a true interest cost of 0.959 percent.
