Paint Creek ISD Annual Local Debt Report 2025
Second Wellington State Bank Loan: $113K Outstanding
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Description
Paint Creek ISD maintains a debt obligation with Wellington State Bank, leaving $113,726 principal outstanding and a total of $418,398 in principal and interest due by February 5, 2027. The loan is not ad valorem tax backed.
Contract Details
Contract Amount
$511,261 principal issued; $113,726 principal outstanding; $418,398 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
Fixed debt with final maturity on 2/5/2027; not a revolving line.
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