CUSIP 234830BZ9
- ISIN: US234830BZ90
- Entity Name: Dallas County Schools, Dallas County, Texas
- Sector: Municipal Agency
- Announcement Date: 02-Jun-2017
- Effective Date: 01-Jun-2017
- Issue Date: *****
- Maturity Date: 01-Jun-2022
- Country of Issuer: United States
- Region: N.Amer
- Issue Currency: United States of America Dollars
- CA Type: Coupon Default
- News: In light of an anticipated cash-flow shortfall, the District pursued the issuance of refunding bonds to restructure certain outstanding debt and a tax anticipation note to provide operating liquidity. On May 26, 2017, the District received notification from the Texas Attorney General that his office would not approve these transactions. On June 1, 2017, the District failed to make payments on the following obligations: Public Property Finance Contractual Obligations, Series 2014 Public Property Finance Contractual Obligations, Taxable Series 2014 Public Property Finance Contractual Obligations, Series 2013 Public Property Finance Contractual Obligations, Series 2012-B Public Property Finance Contractual Obligations, Series 2012-A Public Property Finance Contractual Obligations, Series 2012 The District is committed to continuing to serve its constituents and finding alternative solutions to meet its financial obligations. After thorough consideration of its options, the District will provide an update via EMMA no later than June 16, 2017.
- Description: Municipal Name: Dallas County Schools, Dallas County, Texas CUSIP: 234830BZ9 Currency: USD Dallas County Schools, Dallas County, Texas announced today that it not paid the interest payment due to insufficient money on Revenue Fund for Series 2014 Public Property Finance Contractual Obligations Bonds on June 1, 2017.
- Bond Document: https://www.bondpdf.com/
- Latest Corporate Actions: https://www.CAalerts.com/credit-corporate-action/ISIN/US234830BZ90
