Even Without a Budget, Tennessee Makes Its Debt Payments
Tags: DEBT service; BONDS (Finance)
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Reports on plans of California to issue variable-rate debt and refund some outstanding general obligation bonds to defer near-term debt service under a financial restructuring plan. Benefits of the debt management plan for the state; Overview of the plan; Difficulties faced by the state to...
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Reports on the junk status of four outstanding bonds secured by Section 8-assisted multifamily property mortgages in the U.S. Par value of the bonds; Deterioration of the debt service coverage; Ways to improve the financial condition of multifamily.
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The article reports on the missing 200,000 dollar debt-service reserve fund in Dallas, Texas that was discovered when a bond issuer defaulted on 4 million dollars of bonds used to acquire three retirement facilities.
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Reports that Alabama lawmakers are considering a bill that would funnel dollars from the state's share of the nationwide tobacco settlement into a designated fund that could be used to pay debt service on bonds. Bill sponsored by state Representative John Hilliard; Provisions under House Bill...
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