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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 COP’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