Summary: Callaway Cnty R-III Sch Dist (New Bloomfield), MO; Tax Secured, School State Program Feb 04

  • ID: 2046619
  • February 2004
  • Standard & Poors
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The 'AA+' rating on Callaway County R-III School District (New Bloomfield), Mo.'s GO refunding bonds series 2004 and on the district's outstanding debt reflects the school district's eligibility 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...

Companies mentioned in this report are:
- Callaway Cnty R-III Sch Dist (New Bloomfield)

Action: Affirmed
Action: New Rating

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- Callaway Cnty R-III Sch Dist (New Bloomfield)

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