| Title: | Uintah County Municipal Building Authority, Utah; Appropriations |
| Price: | $400.00 |
| Publication Date: | May 06, 2008 |
| Report Type: | Full Report |
| Abstract: | Standard&Poor's Ratings Services assigned its 'A+' rating to the Uintah County Municipal Building Authority, Utah's $35.45 million lease revenue bonds, series 2008B. The bonds are secured by base rental payments by the county to the authority. The leased asset comprises the project. Because payment on the bonds commences only upon occupancy, the pro forma debt service includes capitalized interest through the Nov. 1, 2011, maturity. The project is expected to be completed June 1, 2011. Base rental payments are also subject to annual appropriation. Legal provisions also include a debt service reserve funded at the lesser of the standard three-pronged test. The project consists of the construction of a new county public safety complex, including parking. The 150,000-square-foot |
| Brief Excerpt: | RESEARCH Ratings Definitions Uintah County Municipal Building Authority, Utah; Appropriations Publication date: ##-May-#### Primary Credit Analyst: Misty Newland, San Francisco (#) ###-###-####; misty_newland@standardandpoors.com... |
| Word Count: | 1249 |
| Issuer: | Uintah Cnty Muni Bldg Auth |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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