Lockhart ISD, Texas, coordinates $57.78 million school building bonds

By Sheri Kasprzak

New York, July 21 – The Lockhart Independent School District of Texas is set to price $57.78 million of series 2014 unlimited tax school building bonds, according to a preliminary official statement.

The bonds will be sold on a negotiated basis with Baird & Co. and RBC Capital Markets LLC as the lead managers. The co-managers are Edward D. Jones & Co. LP and Frost Bank.

The bonds are due 2016 to 2044.

Proceeds will be used to build a new elementary school and make district-wide improvements to schools in the district.

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