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Summary: Christian Cnty Reorg Sch Dist #R-VI Ozark, MO; General Obligation, School District Intercept Dec 98
Standard & Poors, December 1998
The rating 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 over two times. 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 ten 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 criteria and will transfer to the paying agent the amount necessary for debt service payments no...
Companies mentioned in this report are: Christian Cnty R-VI Sch Dist (Ozark)
Action: New Rating
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Christian Cnty R-VI Sch Dist (Ozark)