Investor Information
Analyst Communications/PresentationsStatement
Statement on Solid Waste Management Authority of Crisp County, Georgia, Revenue Bonds, Series 1998
September 1, 2004
In December 2000, following the default of a transaction issued by the Solid Waste Management Authority of Crisp County, Financial Security Assurance (FSA) filed federal and state law claims against the issuer's underwriter and engineering advisor. In September 2001, FSA's federal law claims were dismissed on summary judgment, and in August 2004, FSA's state law claim was also dismissed on a summary judgment. FSA's net par exposure on the transaction is approximately $19 million.