Summary: Jasper Cnty R-I Sch Dist (Carl Junction), MO; Tax Secured, School State Program Oct 02
- ID: 2033745
- October 2002
- Standard & Poors
The 'AA+' rating on Jasper County R-I School District (Carl Junction), Mo.'s bonds 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 1.5 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 states that during each of the first 10 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...
Companies mentioned in this report are:
- Jasper Cnty R-I Sch Dist (Carl Junction)
Action: New Rating
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