$12,000,000 Jeff Davis School District Bonds

Gray & Pannell LLP acted as bond counsel to the Jeff Davis School District on the issuance of $12,000,000 in aggregate principal amount of general obligation sales tax bonds in December of 2008 and January of 2009.  The $12,000,000 of bonds is the first time in a decade that the School District has issued debt for capital projects.  The proceeds of the bonds will be used to construct a new Jeff Davis Middle School and to renovate Jeff Davis High School.