Paint Creek ISD Annual Local Debt Report 2025
Wellington State Bank Loan Reaches $99K Outstanding Balance
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Description
Paint Creek ISD continues its loan obligation with Wellington State Bank, with $99,241 principal outstanding and $406,263 due in total principal and interest through February 5, 2027. The debt is not secured by ad valorem taxation and all proceeds were spent.
Contract Details
Contract Amount
$497,320 principal issued; $99,241 principal outstanding; $406,263 total principal and interest
Vendor
WELLINGTON STATE BANK
Agency
Paint Creek Isd, TX
Contract Type
FINANCIAL_SERVICES
Document Date
August 31, 2025
Contract Term
Until 2/5/2027
Renewal Date
2027-02-05
Renewal Info
Principal decreases as repayments are made; matures on 2/5/2027; not a revolving line.
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