Taking advantage of low interest rates, officials with Amarillo College announced during Tuesday’s Board of Regents meeting that it made the decision to refund two of the college’s six bonds, the bonds from 2011 and 2012, subsequently saving nearly $900,000 in interest.
Chris Sharp, the vice president of business affairs for the college, said the 2011 bond, costing $2.785 million, was refunded at an interest rate of 1.25%, saving $361,561 in interest.
“I’ve been doing this for about 20 years and this is the lowest rate I have seen on bonds,” Sharp told the board. “It’s really good.”
On the 2012 bond, which cost $10.55 million, it was refunded at a 1.77% interest rate, saving $526,509 in interest. Combining the savings from the two bonds being refunded, the college will not have to pay back $888,070 in interest.
National ping-pong tournament to take place at Amarillo College By Bailie Myers | April 8, 2021 at 10:44 AM CDT - Updated April 8 at 10:44 AM
AMARILLO, Texas (KFDA) - Pong City Open, a national table tennis tournament, will take place at Amarillo College on Saturday.
The event has attracted 40 pro-level players from Florida to California, in addition to local players.
Representatives said the event is the first of its kind in Amarillo and it’s officially recognized as a USA Table Tennis event.
Cash prizes for top finishers total more than $2,000.
Shakehands Pong, a local recreational ping pong league, announced the event.
The league has hosted regular ping pong tournaments throughout Amarillo for four years.
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VIDEO: Amarillo College to host COVID-19 vaccine clinic, plans to adopt mask optional policy after Spring Break By Kaitlin Johnson | March 9, 2021 at 10:43 AM CST - Updated March 9 at 12:18 PM
AMARILLO, Texas (KFDA) - Amarillo College will host a COVID-19 vaccine clinic this week for all currently employed faculty, staff and student workers.
Amarillo College says if the school can begin the vaccination process by the end of Spring Break, then the school can adopt a masks optional policy in late April.
This week’s clinic will take place from 8:00 a.m. until 4:00 p.m. on Tuesday, March 9 and Wednesday, March 10 at the Carter Fitness Center.