Fort Smith Public Schools StaffReport Consider Approving Resolution to Issue Bonds 2026-05-18
Stephens Inc Advises District on 2026 Bond Issue
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Description
Fort Smith Public Schools references ongoing financial advisory services from Stephens, Inc. in connection with a proposed $15 million issuance of 2026 second lien bonds. The firm prepared supporting documents and a bond issue timeline, with bonds targeted for August 31, 2026 issuance and proceeds to be spent by August 31, 2029.
Contract Details
Vendor
STEPHENS INC
Agency
Fort Smith Public Schools, AR
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Bonds to be issued August 31, 2026; proceeds to be spent by August 31, 2029
Renewal Date
2029-08-31
Renewal Info
Existing financial advisory relationship; no explicit renewal or amendment terms described in this staff report.
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