Ariz. School District to Issue $16M for Navajos

Williamson, Richard
June 2003
Bond Buyer;6/11/2003, Vol. 344 Issue 31654, p4
Trade Publication
Ganado Unified School District in Arizona is planning to issue $15.9 million of impact aid revenue bonds. The revenue bonds are comparable to grant anticipation revenue vehicles for highway construction because they are backed by federal impact aid. Local school districts receive no property tax revenue from military bases or federal land and the aid is provided to help offset the costs of educating children who live on the bases and reservations. The Ganado Unified School District receives impact aid of $9 million per year.


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