FINANCIAL_SERVICESAPPROVED

Scatchet Head Water District Resolution No. 2026-7 2026-05-19

USDA purchases $2.5 million water revenue bond

$2,500,000Scatchet Head Water DistrictUNITED STATES OF AMERICA ACTING THROUGH THE UNITED STATES DEPARTMENT OF AGRICULTUREMay 19, 2026

Trusted by teams at

Description

Scatchet Head Water District approved issuing and selling a $2,500,000 taxable water revenue bond to the United States Department of Agriculture’s Rural Utilities Service to fund water system improvements, repay an interim loan, and cover issuance costs. The bond will be repaid from net system revenues over up to 40 years in equal quarterly installments at an interest rate set under USDA’s Water and Environmental Program.

Contract Details

Contract Amount

$2,500,000

Vendor

UNITED STATES OF AMERICA ACTING THROUGH THE UNITED STATES DEPARTMENT OF AGRICULTURE

Agency

Scatchet Head Water District, WA

Contract Type

FINANCIAL_SERVICES

Document Date

May 19, 2026

Contract Term

Matures on the installment payment date occurring on or immediately before the 40th anniversary of the Dated Date; quarterly installments beginning three months after the Dated Date

Renewal Info

Single long-term revenue bond with up to a 40-year amortization, payable from net system revenues; no renewal provisions, but the District may optionally prepay installments or refund the bond under state law (subject to USDA consent while USDA is the registered owner).

More from UNITED STATES OF AMERICA ACTING THROUGH THE UNITED STATES DEPARTMENT OF AGRICULTURE