S.C. School District, Nonprofit Embrace Unique Structure

DeSue, Tedra
March 2004
Bond Buyer;3/25/2004, Vol. 347 Issue 31849, p28
Trade Publication
Reports on the preparation made by nonprofit corporation Growing Remedy Opportunity Without Tax Hikes Corp. to sell multimillion dollars of installment purchase revenue bonds on behalf of Dorchester County School District No. 2. in South Carolina. Effort of the district to sell general obligation debt annually to make installment payments to the nonprofit corporation; Advantages of the financing arrangement for schools; Remarks from Brent Jeffcoat, a partner with McGuireWoods LLP, on the issue.


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