The school bonds that purchased new busses for Henryetta are just about paid off.
At a special meeting Tuesday, school board members approved the sale of $1,050,000 to Country Club Bank in Kansas City.
There were two banks bidding on the purchase, the other being the Exchange Bank in Skiatook.
Board members are required to take the lowest bid with the Kansas City bank offering a 2.85 percent interest rate that would cost $59,850. The Skiatook bid was for 3.71 percent with a net interest cost of $77,910.
The interest rate charged at this sale was well above the interest from the last bond sale. Last year the bond sale saw .55 percent interest from the Skiatook bank.
Superintendent Dwayne Noble said that bond issue passed in 2019 and will be paid off within the next two years.