When California K-14 issuers decide to issue new debt such as general obligation bonds or certificates of participation, part of the process likely involves seeking a credit rating for such financing.
Read MoreIn addition to annual continuing disclosure requirements for California school district financings, districts are now also required to file an annual debt transparency report (“ADTR”) with the California Debt Investment Advisory Commission (“CDIAC”) for financings issued after January 21, 2017.
Read MoreAfter the issuance of general obligation bonds, school districts are obligated to update and/or disclose important information to investors as long as the financing remains outstanding.
Read MoreBonding capacity is a statutory limit on the amount of general obligation bonds that can be issued at any given point.
Read MoreCalifornia K-14 districts can elect to have their bonds approved under proposition 39 or Proposition 46. Selecting Proposition 39 or Proposition 46 for a bond election could be a political, facility-related, financial, or timing decision, among others.
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