On August 7, 2008, Gray and Pannell LLP closed a $20,000,000 bond issue for the Bryan County School District. Jim Pannell and Jon Pannell served as bond counsel on the financing. The bonds will be repaid from revenues raised by the county’s 1% educational sales and use tax (ESPLOST). Proceeds of the bond issue will be used for capital improvements throughout the school district including the construction of a new middle school in Bryan County.