Two N.J. School Districts Sell Bonds Backed by State's Secured Debt Program

Cataldo, Adam L.
March 2005
Bond Buyer;3/9/2005, Vol. 351 Issue 32086, p32
Trade Publication
Reports on the visit of two New Jersey school districts in the primary market to drum up cash for school construction and to get a share of dwindling state dollars through a special school construction program. Cost of the school construction bonds sold by the Borough of Dumont Board of Education; Requirement for the state to make debt service payments from its Fund for Support of Free Public Schools if a district defaults; Ratings given by Moody's Investors Service Inc. for both deals.


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