MISSOURI DIRECT DEPOSIT PROGRAM

Complete Support with State of Missouri Direct Deposit Program

Missouri school districts issuing general obligation bonds for construction and refunding purposes are eligible in most cases to participate in the State of Missouri Direct Deposit Program. This program provides each issuer with an AA+ rating by Standard & Poor’s Corporation with no charges incurred by the school district and reimburses the district for its eligible costs of issuance for the financing to the extent that funds are available. L.J. Hart & Company prepares the applications and produces the additional documents needed for the full compliance with the administrative procedures of the State of Missouri Health and Educational Facilities Authority (MoHEFA). Since the development of this program, L.J. Hart & Company has completed 497 separate financings with a total par value of $1,298,191,490.

Our basic service is to help local governments borrow money on a tax-exempt 
basis to meet their capital facilities and equipment needs.  These are some of 
the services we provide in the process of reaching that goal.