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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: Project funding comes from both cash on hand from the Judicial Department and bonds secured in the private market, and from the State's lease commitment.
Direct Cash Support: A portion of the Project funds is provided through cash on hand from the Judicial Department. The revenue source is essentially Courts fees paid by filers to the Court.
Credit Enhancements: The remaining source of Project Funds is from the private bond market through Certificates of Participation. These COPâ€™s are secured against the value of the Building and are repaid through the Lease/Purchase agreement between Judicial and the non-profit corporation. The Judicial Department will pay off the debt through a combination of cash from Courts Fees and revenues gathered from rent payment from State Tenants in the Office portion of the Complex.
Rated by Standard & Poors: AA
Rated by Moody's: AAA