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statutory dedication

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statutory dedication

The granting of public rights in roads, parks, or other improvements by virtue of recording a subdivision plat on which the developer indicates those areas dedicated to the public use.



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8% of market value) due to the statutory dedication of a portion of income tax collections for various capital purposes, as well as the use of enterprise system revenues to cover debt service on certain LTGO bonds.
The 'AA' rating is based on the reliability of sales tax revenue, the adequacy of debt service coverage and the additional bonds test, and structural protections afforded, including the statutory dedication of the tax for school capital purposes.
The 'AA' rating is based on the reliability of sales tax revenue, the adequacy of debt service coverage and the additional bonds test, and structural protections afforded, including the statutory dedication of the tax for school capital purposes.
 
 
 
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