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BFSA |
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BFSA is a bankruptcy-remote issuer formed to provide a funding vehicle for the city, as well as financial control and oversight functions. BFSA is a bankruptcy-remote issuer, and the bond structure grants a first-perfected security interest in City of Buffalo and Buffalo School District sales tax revenues as well as state aid of the City of Buffalo, providing strong debt service coverage even under stress tests. BFSA is a bankruptcy-remote issuer, and the bond structure grants a first-perfected security interest in City of Buffalo and Buffalo School District sales tax revenues as well as state aid, providing strong debt service coverage even under stress tests. |
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