FAQ

Bonds issued by the Virginia Public School Authority finance capital improvements, technology improvements and security equipment for local school districts across the Commonwealth.

The VPSA's School Financing Bonds (1997 Resolution), which are backed by principal and interest payments on general obligation school bonds issued by Virginia localities to VPSA along with a State Aid Intercept provision and a Sum Sufficient Appropriation by the Commonwealth, are rated AA+/Aa1/AA+ by Fitch, Moody's and Standard and Poor's rating agencies respectively. The VPSA's School Technology and Security Notes, which are backed by appropriations from the Commonwealth from the Literary Fund and the General Fund, are also rated AA+/Aa1/AA+.

You can purchase Virginia bonds through your brokerage firm.

The VPSA's School Financing Bonds (1997 Resolution), which are backed by principal and interest payments on general obligation school bonds issued by Virginia localities to VPSA along with a State Aid Intercept provision and a Sum Sufficient Appropriation by the Commonwealth, are rated AA+/Aa1/AA+ by Fitch, Moody's and Standard and Poor's rating agencies respectively. The VPSA's School Technology and Security Notes, which are backed by appropriations from the Commonwealth from the Literary Fund and the General Fund, are also rated AA+/Aa1/AA+.

The bonds are usually in increments of $5,000.

Bonds can vary in maturity date from one to 30 years.

Interest rates are determined on the date of sale and can vary depending on the term of the bond, market conditions, investor demand, and security structure.