Amendment Approved for Waterfall Payment

Branson Landing
Branson Landing

 

by Sam Clanton

 

BRANSON, Mo. – The Branson Finance Department is transferring excess funds for a waterfall payment on a 2005-issue bond tied to the Branson Landing development.

Finance Director Jamie Rouch requested a budget amendment to move nearly 77-thousand dollars…

 

 

Rouch says the amendment does not affect the overall city budget.

A waterfall payment is a type of payment in which higher-tiered creditors receive interest and principal payments, while lower-tiered creditors receive only interest payments.

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