- Language: English
- 128 Pages
- Published: January 2012
- Region: Global, United States
Summary: St. Clair County School District R-III (Lakeland), Missouri; School State Program Mar 09
- Published: March 2009
- Region: Missouri
- Standard & Poors
The 'AA+' rating on St. Clair County School District R-III (Lakeland), Mo.'s general obligation (GO) refunding bonds reflects the school district's eligibility for and participation in the Missouri Direct Deposit of State Aid Program, in which the state makes direct deposits of portions of monthly state aid payments to a bond trustee. The program, which enhances local school district GO bonds, provides for a first-dollar claim on monthly state aid, which will be directly deposited to a master bond trustee. State aid covers maximum annual program debt service at least 1.5x. The district has entered into an irrevocable direct deposit agreement with the state treasurer, department of elementary and secondary education, health and educational facilities authority, and deposit trustee. The...
Companies mentioned in this report are: St Clair Cnty Sch Dist R-III Lakeland
Action: New Rating
Action: Outlook: Stable
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St Clair Cnty Sch Dist R-III Lakeland