Summary: Vernon County Reorganized School District No. R-V (Nevada), Missouri; School State Program Aug 07
- ID: 2127202
- August 2007
- Region: Missouri, Nevada
- Standard & Poors
The 'AA+' rating on Vernon County Reorganized School District No. R-V (Nevada), Mo.'s 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 direct deposit agreement...
Companies mentioned in this report are: Vernon Cnty Reorg Sch Dist #R-V Nevada
Action: Outlook: Stable
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