What is the Lamar School District proposing to do with $2,595,000?

The district plans to issue second-lien bonds to construct and equip new school facilities and pay for renovations and equipment.

Who will file the bond application with the State Board of Education?

Stephens Inc. has been authorized by the Lamar School Board to file the application.

When did the Lamar School Board approve the bond authorization?

The board approved the motion on April 8, 2026, at a meeting in Lamar, Arkansas.

Public Hearing — Lamar

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The Lamar School District Board voted to seek State Board of Education approval to issue approximately $2,595,000 in second-lien bonds to build and equip new school facilities and fund renovations and equipment. The notice announces the board action and intended use of funds.

Key Takeaways

Board authorized application to issue second-lien bonds
Estimated bond amount: $2,595,000
Purpose: new facilities, additions, renovations, equipment
Stephens Inc. will file the application with the State Board

Published: May 13, 2026 · 1 week ago
Category: Public Hearing
City: Lamar

What to do next

1

Monitor State Board application status

Check the Arkansas State Board of Education records after Stephens Inc. submits the bond application for approvals and hearing dates.

2

Contact the school district for details

Call or visit Lamar School District No. 39 to request project plans, timelines, and financial impact information.

Frequently asked questions

What is the Lamar School District proposing to do with $2,595,000?: The district plans to issue second-lien bonds to construct and equip new school facilities and pay for renovations and equipment.
Who will file the bond application with the State Board of Education?: Stephens Inc. has been authorized by the Lamar School Board to file the application.
When did the Lamar School Board approve the bond authorization?: The board approved the motion on April 8, 2026, at a meeting in Lamar, Arkansas.

The suggestions and answers above are AI-generated for general information only. They can be wrong, and we don't take responsibility for their accuracy. Talk to a qualified professional before acting on them.

Legal terms in this notice

Second-lien bonds: Bonds that are secured by district revenues but are subordinate to first-lien debt in repayment priority.

Full Notice Text

NOTICE OF INTENTIONTO ISSUESECOND LIEN BONDSTO WHOM IT MAY CONCERN:A meeting of the Board of Directors of Lamar School District No. 39 ofJohnson County, Arkansas was held at Lamar, Johnson County, Arkansas onthe 8^(th) day of April, 2026, at 5:00 p.m.All members of the Board had due notice of the time and place of saidmeeting, and the purpose thereof, and a quorum consisting of thefollowing members were present:Johnessa Boze, Amiee Freeman, Chad Kendall, Clint Ratliff, and Billy JoeWilkinsAfter consideration, the Board approved a motion as follows:"The Lamar School Board authorizes Stephens Inc. to file an applicationwith the State Board of Education to issue second lien bonds in theestimated amount of $2,595,000 for the purpose of constructing andequipping new school facilities and making additions and improvements toexisting facilities. Any remaining funds will be used for otherconstruction, renovations, and equipment purchases.”Board of Directors of Lamar School District No. 39 of Johnson County,ArkansasBy: Billy Joe Wilkins, PresidentBy: Johnessa Boze, Secretary(Published in the Johnson County Graphic May 13, 2026).