Greene County School District R-II (Willard), Missouri; Tax Secured, School State Program - S&P Global Ratings’ Credit Research

Greene County School District R-II (Willard), Missouri; Tax Secured, School State Program

Greene County School District R-II (Willard), Missouri; Tax Secured, School State Program - S&P Global Ratings’ Credit Research
Greene County School District R-II (Willard), Missouri; Tax Secured, School State Program
Published May 23, 2003
Published May 23, 2003
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Abstract:

The 'AA+' rating on Green County School District R-II (Willard), Mo.'s school building 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 more than 1.5x. The district has entered into an irrevocable direct deposit agreement with the state treasurer, the department of elementary and secondary education, the health and educational facilities authority, and the deposit trustee. The direct deposit agreement provides 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 Ratings Services criteria

  
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Full Report

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Public Finance
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MLA:
S&P Global Ratings’ Credit Research. "Greene County School District R-II (Willard), Missouri; Tax Secured, School State Program" May 23, 2003. Alacra Store. May 24, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Greene-County-School-District-R-II-Willard-Missouri-Tax-Secured-School-State-Program-314806>
  
APA:
S&P Global Ratings’ Credit Research. (). Greene County School District R-II (Willard), Missouri; Tax Secured, School State Program May 23, 2003. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Greene-County-School-District-R-II-Willard-Missouri-Tax-Secured-School-State-Program-314806>
  
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