Summary: Lawrence Cnty R-V Sch Dist (Mt. Vernon), MO; Tax Secured, School State Program - S&P Global Ratings’ Credit Research

Summary: Lawrence Cnty R-V Sch Dist (Mt. Vernon), MO; Tax Secured, School State Program

Summary: Lawrence Cnty R-V Sch Dist (Mt. Vernon), MO; Tax Secured, School State Program - S&P Global Ratings’ Credit Research
Summary: Lawrence Cnty R-V Sch Dist (Mt. Vernon), MO; Tax Secured, School State Program
Published Apr 17, 2003
454 words — Published Apr 17, 2003
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Abstract:

The 'AA+' rating on Lawrence County R-V School District (Mt. Vernon), Mo.'s GO refunding bonds series 2003 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 over 1.5x. The district has entered into an irrevocable direct deposit agreement with the state treasurer, 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'

  
Brief Excerpt:

RESEARCH Summary: Lawrence Cnty R-V Sch Dist (Mt. Vernon), MO; Tax Secured, School State Program Publication date: 17-Apr-2003 Credit Profile $1.29 mil GO rfdg bnds ser 2003 dtd 05/01/2003 due 03/01/2010 ##+ Sale date: 18-APR-2003 AFFIRMED...

  
Report Type:

Summary

Issuer
Lawrence Cnty R-V Sch Dist (Mt. Vernon)
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Lawrence Cnty R-V Sch Dist (Mt. Vernon), MO; Tax Secured, School State Program" Apr 17, 2003. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Lawrence-Cnty-R-V-Sch-Dist-Mt-Vernon-MO-Tax-Secured-School-State-Program-308613>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Lawrence Cnty R-V Sch Dist (Mt. Vernon), MO; Tax Secured, School State Program Apr 17, 2003. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Lawrence-Cnty-R-V-Sch-Dist-Mt-Vernon-MO-Tax-Secured-School-State-Program-308613>
  
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