TITLE

South Carolina School District GOs to Help Cover Payments in Nonprofit Plan

AUTHOR(S)
DeSue, Tedra
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/7/2004, Vol. 349 Issue 31963, p5
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that the Greenville County School District, the largest in South Carolina, will sell $68 million of general obligation bonds on Thursday, September 9, and it will use some of the proceeds to continue making the annual installment payments due under a financing plan that allowed it to sell debt through a nonprofit entity. The bonds will be sold competitively with A.G. Edwards & Sons as the financial adviser and McGuireWoods LLP as the bond counsel. The installment payments will be made to the nonprofit Building Equity Sooner for Tomorrow, which has sold more than $900 million of installment purchase revenue bonds for the district. The first deal was in 2002 when $800 million of the debt was sold.
ACCESSION #
14371531

 

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