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Summary: Mississippi St Aid Cap Imp Bnd Prog; Tax Secured, School State Program Apr 01 Product Image

Summary: Mississippi St Aid Cap Imp Bnd Prog; Tax Secured, School State Program Apr 01

  • ID: 1922294
  • April 2001
  • Region: Mississippi
  • Standard & Poors

FEATURED COMPANIES

  • Biloxi Pub Sch Dist
  • Greenville Pub Sch Dist
  • Harrison Cnty Sch Dist
  • Holly Springs Sch Dist
  • Itawamba Cnty Sch Dist
  • Jackson Pub Sch Dist
  • MORE

Abstract
The school districts' bonds are limited obligations of the district secured solely by the irrevocable pledge of specific state allocated funds to debt service. The bonds are issued under the credit enhancement program created by the Mississippi Accountability and Adequate Education Program (MAEP) Act of 1997. This statute provides annual funding for each of the 170 school districts in the state in amount equal to $160 per pupil, based on the average daily attendance at the time the bonds are issued, for a state approved capital project. The bonds are secured by a continuing pledge of the MAEP funds for debt service. These funds will be directly deposited to a paying agent in advance of the debt service dates or...

Companies mentioned in this report are:
- Jackson Pub Sch Dist
- Madison Cnty Sch Dist
- Harrison Cnty Sch Dist
- Jones Cnty Sch Dist
- South Panola Sch Dist
- Itawamba Cnty Sch Dist
- Greenville Pub Sch Dist
- Lowndes Cnty Sch Dist
- Holly Springs Sch Dist
- Biloxi Pub Sch Dist

Action: Affirmed

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- Jackson Pub Sch Dist
- Madison Cnty Sch Dist
- Harrison Cnty Sch Dist
- Jones Cnty Sch Dist
- South Panola Sch Dist
- Itawamba Cnty Sch Dist
- Greenville Pub Sch Dist
- Lowndes Cnty Sch Dist
- Holly Springs Sch Dist
- Biloxi Pub Sch Dist

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