The state also provides additional aid to match local tax effort above the required levy, and districts can obtain state aid for help in making bond payments. (edweek.org)
These bonds have no call features, so the timing and distribution of bond payments can not be altered by any foreseeable occurrence. (money.stackexchange.com)
If the company can't make those payments, it won't go into default like it would for a missed bond payment. (philosophicaleconomics.com)