Sentences with phrase «construction bond authority»

Of the $ 7.8 billion in available construction bond authority, Hovatter said the district has already commited $ 2 billion to $ 2.5 billion of it.

As the largest district in the state, LA Unified would receive a significant portion of the bond funds and would have little trouble figuring out what to do with them, as it needs roughly $ 40 billion to fix and modernize its existing facilities with only $ 7.8 billion currently available in construction bond authority.

Construction bonding authority — a technical, and often obscure, source of capital funding for school districts — has emerged as a hot ticket for those looking to finance school facilities work under the federal government's economic - stimulus program.

Not exact matches

The Thruway Authority holds billions of dollars in road construction bonds.

ALBANY — The New York State Thruway Authority voted to provide $ 750 million in a one - time cash windfall to keep construction of the Tappan Zee Bridge replacement going for another year, avoiding the need to issue bonds for the ongoing, $ 3.9 billion project in 2015.

Moody's said it was moving authority bonds from A1 to A2 — its sixth highest rating — because «future financial performance will rely to a much greater extent on as yet undetermined toll increases to support the bridge construction costs and that failure to adopt sufficient rate increases within the expected time horizon would pressure financial metrics.»

The Thruway Authority is paying for construction with $ 1.6 billion it bonded in anticipation of a federal loan for the same amount that will be coming in 2019.

They have no taxing power, no access to state capital budgets, and, ordinarily, no bonding authority — they are shut off from the prevailing public sources of revenue for school construction.

Unlike regular public schools, which have the authority to seek taxpayer - backed bonds for renovating school buildings and new construction, charter schools have no such mechanism in place to offset their facilities costs, which often come out of their operating budgets.

Authority for states and school systems to issue $ 24.8 billion dollars in bonds over the next 10 years for renovation, repairs and school construction that will be retired through a combination of local, state and federal dollars.

The CSFP provides preliminary apportionments, or reservations of bond authority, for charter school new construction and rehabilitation projects.

The Logan City School District Board of Education on Tuesday approved the sale and issuance of a $ 4.8 million Municipal Building Authority bond to pay for seismic upgrades and other additions to Logan High while it is still under construction.

The Department of Education and the Virginia Public School Authority (VPSA) shall provide a program of funding for school construction and renovation through the Literary Fund and through VPSA bond sales.

The issuance of $ 12 million direct subsidy qualified school construction bonds by the California School Finance Authority to fund construction of a K - 8 charter school facility located on the Chula Vista campus of High Tech High was recognized by The Bond Buyer, a very respected and influential media outlet for those working in the bond secBond Buyer, a very respected and influential media outlet for those working in the bond secbond sector.