TITLE

Some Texas Schools Find It Harder to Get PSF Guarantees

AUTHOR(S)
Albanese, Elizabeth
PUB. DATE
April 2003
SOURCE
Bond Buyer;4/3/2003, Vol. 344 Issue 31607, p36
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
With more school districts in the state facing financial hardships, the Texas Education Agency is rejecting an increasing number of requests for guarantees from the Permanent School Fund for local school district bond issues, in some cases prompting those districts to turn to private bond insurance. A number of Texas districts, including the Austin Independent School District and the West Orange-Cove Consolidated School District, have declared financial emergencies. “ I think that shows a strong commitment from the Legislature— there will be more Texas school debt coming, and they want to insure more deals,” said Dan Black, executive director of the Texas Municipal Advisory Council.
ACCESSION #
9541392

 

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