The Prague Board of Education accepted a bid from BOK financial to purchase $840,000 in voter-approved building bonds during a special meeting July 10.
BOK submitted the lowest bid, with a net interest cost of $62,882.40 and an average interest rate of 3.743 percent.
The board also approved a resolution issuing the bonds and levying an annual property tax to pay the principal amount and interest.Aseparate resolution designated the bonds as qualified tax-exempt obligations under the Internal Revenue Code.