| Title: | Summary: Pike County R-III School District, Missouri; School State Program |
| Price: | $175.00 |
| Publication Date: | May 08, 2008 |
| Report Type: | Summary |
| Abstract: | The rating on Pike County R-III School District, 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 general obligation (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 provides that |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Pike County R-III School District, Missouri; School State Program Publication date: ##-May-#### Primary Credit Analyst: Daniel Zuccarello, New York #-###-###-####; daniel_zuccarello@standardandpoors.com... |
| Word Count: | 1421 |
| Issuer: | Pike Cnty R-III Sch Dist |
| Sector: | Public Finance |
| Country: | United States |
| Region: | United States |
| Format: | 
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