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Summary: Texas Perm Sch Fd; Tax Secured, School State Program Jun 02 Product Image

Summary: Texas Perm Sch Fd; Tax Secured, School State Program Jun 02

  • Published: June 2002
  • Region: Texas
  • Standard & Poors

FEATURED COMPANIES

  • Academy Indpt Sch Dist
  • Belton Indpt Sch Dist
  • Guthrie Common Sch Dist
  • Longview Indpt Sch Dist
  • Mesquite Indpt Sch Dist
  • Sherman Indpt Sch Dist
  • MORE

Abstract
The enhanced rating on various school districts reflects the credit enhancement provided by the Texas Permanent School Fund. The permanent fund, under Article VII, Section 5 of the Texas Constitution, permits the use of its endowment to ensure bondholders of timely debt service payments. In the event of a potential default, the school district must notify the commissioner no later than five days before the maturity date of the guaranteed debt. The commissioner will then pay debt service to the paying agent and direct the state to later withhold district state aid to repay the permanent fund. This guarantee program reflects the fund's strong asset quality and the legal provisions limiting the maximum amount of debt that may be guaranteed...

Action: Affirmed

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- Texas Perm Sch Fd
- Sherman Indpt Sch Dist
- West Oso Indpt Sch Dist
- Amarillo Indpt Sch Dist
- Austin Indpt Sch Dist
- Beaumont Indpt Sch Dist
- Belton Indpt Sch Dist
- Big Spring Indpt Sch Dist
- Copperas Cove Indpt Sch Dist
- Corpus Christi Indpt Sch Dist
- Galveston Indpt Sch Dist
- Lancaster Indpt Sch Dist
- La Porte Indpt Sch Dist
- Lockhart Indpt Sch Dist
- McAllen Indpt Sch Dist
- New Caney Indpt Sch Dist
- Mesquite Indpt Sch Dist
- Montgomery Indpt Sch Dist
- McKinney Indpt Sch Dist
- San Marcos Cons Indpt Sch Dist
- Pasadena Indpt Sch Dist
- Athens Indpt Sch Dist
- Academy Indpt Sch Dist
- Llano Indpt Sch Dist
- Los Fresnos Cons Indpt Sch Dist
- Malakoff Indpt Sch Dist
- El Campo Indpt Sch Dist
- Forestburg Indpt Sch Dist
- Alto Indpt Sch Dist
- Ingram Indpt Sch Dist
- Stephenville Indpt Sch Dist
- Tolar Indpt Sch Dist
- Springtown Indpt Sch Dist
- New Waverly Indpt Sch Dist
- Goldthwaite Indpt Sch Dist
- Port Aransas Indpt Sch Dist
- Chester Indpt Sch Dist
- Riesel Indpt Sch Dist
- Hamshire-Fannett Indpt Sch Dist
- Aransas Cnty Indpt Sch Dist
- Muenster Indpt Sch Dist
- West Hardin Cnty Cons Indpt Sch Dist
- Iraan-Sheffield Indpt Sch Dist
- Honey Grove Indpt Sch Dist
- Anahuac Indpt Sch Dist
- Marlin Indpt Sch Dist
- Bishop Cons Indpt Sch Dist
- Carrollton-Farmers Branch Indpt Sch Dist
- Midland Indpt Sch Dist
- McGregor Indpt Sch Dist
- North East Indpt Sch Dist
- Vernon Indpt Sch Dist
- Wimberley Indpt Sch Dist
- Lorena Indpt Sch Dist
- Devine Indpt Sch Dist
- Burton Indpt Sch Dist
- Mart Indpt Sch Dist
- Guthrie Common Sch Dist
- Longview Indpt Sch Dist
- Arlington Indpt Sch Dist
- Lewisville Indpt Sch Dist
- Tom Bean Indpt Sch Dist
- Kemp Indpt Sch Dist
- Ysleta Indpt Sch Dist

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