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Summary: Christian Cnty Reorg Sch Dist #R-III Sparta, MO; General Obligation, Schools Intercept/Withholding Product Image

Summary: Christian Cnty Reorg Sch Dist #R-III Sparta, MO; General Obligation, Schools Intercept/Withholding

  • ID: 1576825
  • October 2000
  • Standard & Poors

Abstract
The rating on Christian County Reorganized School District No. R-III (Sparta), Mo.'s GO school building bonds reflects the direct deposit of portions of monthly state aid payments by the state to a bond trustee. State aid covers maximum annual program debt service more than 1.5 times (x). The district has entered into an irrevocable direct deposit agreement with the state treasurer, department of elementary and secondary education, the health and educational facilities authority, and the deposit trustee. The direct deposit agreement provides that during each of the first 10 months in each bond year, one-tenth of debt service will be deposited with the deposit trustee. The direct deposit trustee will invest these funds in investments that meet Standard & Poor's

Article Type:SUMMARY
Companies mentioned in this report are: Christian Cnty R-III Sch Dist (Sparta)
Action: New Rating

Christian Cnty R-III Sch Dist (Sparta)

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