On December 2, 2009, Bulloch County School District issued $23,525,000 of general obligation sales tax bonds. Gray & Pannell served as bond counsel on the issue. The bonds were authorized by the voters in Bulloch County upon the renewal of the special local optional sales and use tax for educational purposes (“ESPLOST”). Proceeds will be used by the School District for new facilites and improvements to existing facilities of the school system. Gray & Pannell has worked with Bulloch County Schools on the issuance of seven (7) seperate bond issues since 1995 for capital improvements for its school facilities.