- Language: English
- 105 Pages
- Published: December 2008
- Region: Global
Summary: Texas Wtr Dev Brd May 98
- Published: May 1998
- Region: Texas
- Standard & Poors
The rating on Texas Water Development Board's bonds, issued for Texas, reflects the GO pledge of the state. The board operates programs to provide loans and other support to local political subdivisions for water and wastewater projects. The Texas Water Development Board operates under a policy that all GO debt, with the exception of that issued for the Economically Distressed Areas Program, should be self-supporting through loan repayments; program revenues have been sufficient to meet those requirements. In November 1997, voters approved a constitutional amendment to consolidate existing bond authority for several purposes into one new development fund in order to streamline operating procedures. Texas' rating reflects: * A steadily growing and diversifying economy, * Good revenue growth and financial...
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- Texas Wtr Dev Brd
Action: New Rating
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- Texas Wtr Dev Brd