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.