Dallas County Schools, Dallas County, Texas
CUSIP 234830BQ9
- Issue Currency: United States of America Dollars
- Announcement Date: 02-Jun-2017
- 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.
- Issue Currency: United States of America Dollars
- Announcement Date: 02-Jun-2017
- 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.
- Issue Currency: United States of America Dollars
- Announcement Date: 06-Jun-2017
- News: Please be advised that as of the date of this notice, payment has not been received from Dallas County Schools on the underlying obligation. Therefore, payment has not been made to the Custodial receipt holders.
