District retains Stephens as municipal advisor for bonds
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Description
Fort Smith School District No. 100 approved a Municipal Advisor Agreement with Stephens Inc. on May 18, 2026 to support issuance of approximately $15.4 million in construction bonds and future financings. Stephens will advise on structuring, documentation, disclosure, and continuing disclosure for a 60‑month term, earning 0.28% of bond par or proceeds upon issuance.
Contract Details
Contract Amount
.28% of the par amount of the bonds to be issued (or of actual bond proceeds if sold with net premium)
Vendor
STEPHENS INC
Agency
Fort Smith Public Schools, AR
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
May 18, 2026 through 60 months from acceptance
Renewal Date
2031-05-18
Renewal Info
Initial engagement remains in effect for 60 months from acceptance and covers this financing and subsequent financings; changes to scope or term require written amendment.
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More from Fort Smith Public Schools
Fort Smith Public Schools StaffReport Consider Approving Resolution to Issue Bonds 2026-05-18
Fort Smith School District No. 100 Municipal Advisor Agreement 2026-05-18
Fort Smith Public Schools Authorization for Electronic Transfer of Funds 2026-05-16
Fort Smith Public Schools Authorization for Electronic Transfer of Funds 2026-05-16
Fort Smith Public Schools Authorization for Electronic Transfer of Funds 2026-05-16
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