The district has a right to sell about $ 200,000 in general obligation bonds without seeking voter approval, district officials said. (articles.chicagotribune.com)
General obligation bonds issued by local units of government are secured by a pledge of the issuer's property taxing power and must be authorized by the electorate. (ahpd.org)
This debt is likely to take the form of general obligation bonds, which is a type of debt that is backed by the full faith and credit of the issuer. (gokinfo.com)