PubFinCriteria_2006_part1_final1.qxp
Management Policy control of a redevelopment agency usually lies in a city council, with an executive director responsible for i ...
Questions for management may encompass addi- tional debt plans, unusual features of the redevelop- ment plan, and the land use b ...
delinquency of any other taxpayer, credit analysis must focus on the exposure to the weakest proper- ties, even if overall avera ...
atical in many cases. Standard & Poor’s prefers value to lien ratios using county or city assessed valuation, although indep ...
quality could be vastly improved. Even relatively undeveloped land could receive a favorable initial rating if the area is chara ...
■Cash flow timing and sensitivity to taxpayer defaults; ■County assessment and collection practices; and ■The property value add ...
the flexibility to raise tax rates to cover a taxpayer foreclosure loss. This is a key strength of special district and Mello-Ro ...
certain requirements at a level one notch off of the state’s GO rating—on par with the state’s appropri- ation rating—reflecting ...
order that the bondholders receive full and timely payments. In this instance, the state and program ratings are the same. The p ...
fiduciary capacity to promptly notify that state of a locality’s failure to make the required payment. California Health Facilit ...
the absence of earthquake insurance, leased assets will need to pass Standard and Poor’s seismic risk screening model. The lease ...
Purpose Local Option Sales Tax (SPLOST) revenue used by most of the state’s counties. In recognition of the additional security ...
As is the case with Indiana’s basic program rat- ing, the higher rating will carry a provisional (‘pr’) designation until the pr ...
dences qualify as an event of default that triggers the intercept, with the exercise of such and remit- tance of such prior to t ...
enter this program and is accepted by the state, it cannot rescind its application as long as any debt obligation of that issue ...
their financing needs. This rating moves in conjunc- tion with that of the state. Eligibility requirements: Any school district ...
funds at least one day prior to the debt service due date. If the guarantee is triggered, the state treasurer will withhold subs ...
New York State Aid Intercept Program (‘A’) Governing statute: Section 99b of the state finance law authorizes the aid withholdin ...
the date of issuance, which may be applied to any or all GO bonds, including GO refunding bonds, issued by the district during t ...
annual debt service by remaining state aid appro- priations to qualify for the higher program rating. Increased debt service cov ...
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