Houston County Board of Education Board Meeting Agenda March 2026
Board Approves Bus Financing with SmartBank
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Description
The Board approved financing from SmartBank totaling $2,606,563.00 for the purchase of seventeen school buses, with a 7-year amortization at 4.55% interest.
Contract Details
Contract Amount
$2,606,563.00
Vendor
SMARTBANK
Agency
Houston County School District, AL
Contract Type
FINANCIAL_SERVICES
Document Date
March 16, 2026
Contract Term
7 years at 4.55% interest
Renewal Date
2033-03-16
Renewal Info
Loan is amortized over 7 years; no mention of renewal.
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