Sentences with phrase «general obligation»
The phrase "general obligation" refers to a promise that someone or an organization has to fulfill certain responsibilities or duties that apply to everyone in a general sense. It means that they are obligated or required to do something for the benefit or well-being of the majority or all individuals involved. Full definition
The district has a right to sell about $ 200,000 in general obligation bonds without seeking voter approval, district officials said.
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Part 2 of the Code contains general obligations on port terminal service providers to deal in good faith and publish certain information including a daily loading statement.
If approved, Measure H would authorize the school district to increase its debt by $ 270 million through issuing general obligation bonds in that amount.
There are two primary types of municipal bonds which are referred to as general obligation and revenue bonds.
I am somewhat negative on local general obligation bonds; higher education; leasing & rental; hospital and tobacco sectors.
State general obligation bonds have been the sector that is holding back returns as the lower yield and shorter duration characteristics of these bonds have resulted in muted returns in the up market.
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.
The S&P Municipal Bond New Jersey General Obligation Index returned 3.7 % significantly behind general obligations of other large issuers such as California (10.59 %), Illinois (9.63 %) and New York (6 %).
[12] This includes a «general obligation for each lawyer to contribute to the availability of legal services.»
The content and materials contained in this website are to be construed in accordance with and governed by the internal laws of the State of New York (as permitted by Section 5 - 1401 of the New York General Obligations Law or any similar successor provision), without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of New York to the rights and duties of the parties.
The Park District issued $ 17.7 million in general obligation bonds in spring 1999 to pay for construction of the facility.
The city has $ 37.6 billion of general obligation debt outstanding as of March 31.
Table 1 compares yields of general obligation municipal bonds (the safest munis) to Treasuries listed for December 12, 2008.
The TIFIA loan is secured by a limited tax general obligation pledge of the City of Bellevue.
WHEELING — The Wheeling Park District Board of Commissioners on Tuesday unanimously approved a resolution to hold a public hearing Oct. 19 on its intent to sell about $ 1 million in general obligation limited tax bonds.
Historically, the Park District and the village have financed capital improvements with general obligation bonds, but Blievernicht says voters have a right to decide whether either one should go into debt.
65NA General obligations created by parenting order that deals with whom a child communicates with
Our public offering and direct purchase representation encompasses many industry sectors including general obligations, water and sewer, airports, recreation, medical centers, universities, cultural facilities, electric generation facilities, industrial developments and a broad range of other social infrastructure.
In addition, there are also general obligations which executors must fulfill in the course of carrying out their duties.
The recent ratings downgrades by both Moody's and S&P Global Ratings have placed the State of Illinois general obligation bonds on the edge of becoming junk.
Puerto Rico General Obligations tracked in the S&P Municipal Bond Puerto Rico General Obligation Index have rebounded positively in 2014 but may have peaked in recent days as the market has shown little indication of continued forward progress.
Nonetheless, in our view, the decision fails to consider whether employers» more general obligations under the OHSA were violated.
The content and materials contained in this website are to be construed in accordance with and governed by the internal laws of the State of New York (as permitted by Section 5 - 1401 of the New York General Obligations Law or any similar successor provision), without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the internal laws of the State of New York to the rights and duties of the parties.
The Integrated Standards also contain certain general obligations regarding accessibility policies and plans and further employee training.
Naperville Park District commissioners are considering the district's financial future, including the possibility that, with interest rates falling, the district might be able to refinance general obligation bonds at a lower interest rate.
Approval of the expenditure would not raise taxes because the Park District is retiring other general obligation bonds this year, Park District Director Eric Burns said.
Moody's rating was attributed to the county's «outstanding general obligation debt» which led to its removal of the negative outlook it issued in 2016.
As I've pointed out before, one of the most general obligations businesses have is not to reduce the efficiency of markets, for it is that very market efficiency that provides the moral underpinning for aggressively competitive behaviour.
«Impairing constitutionally protected general obligation bonds will bring chaos to America's municipal bond market.
In October 2010, the Park District issued $ 1.9 million in general obligation park bonds for the funding of three years of the capital improvement plan.
Moody «s Investors Service Inc. confirmed the double - A rating assigned to Metropolitan Water Reclamation District of Greater Chicago general obligation bonds in connection with the district «s offering of $ 200 million of capital improvement bonds, series of June 1991.
S&P Global Ratings lowered the state's general obligation credit rating from AA -, with a negative outlook, to A +, with a stable outlook.
Notably, in June 2012, Standard and Poor's Ratings Services lowered the county's long - term general obligation bond rating to «BBB - «from «BBB +» and rated the management practices as «vulnerable» based on overly optimistic budgeting.
Louisiana carries general obligation ratings of AA / Aa2 / AA (S&P, Moody's and Fitch), with CEA - backed debt rated at a notch lower.
Some bond investors consider general obligation (GO) munis to be safer than revenue bonds because GOs are backed by the full taxing power and creditworthiness of the government entity issuing them.
Using bond yields as the sole variable, the following general obligation municipal bond issuers have the highest yielding bond issues * in the S&P Municipal Bond Index:
While Illinois gets a lot of press it is New Jersey general obligation bonds that are moving more like Puerto Rico bonds in 2015.
In the first row, the State of Nevada general obligation bonds are offering a coupon rate of 5 % with a maturity in May of 2028.
The S&P New York AMT - Free Municipal Bond Index consists of investment - grade general obligation bonds and essential purpose revenue bonds issued within New York.
For example, a recent study by the bond ratings firm Fitch Ratings compared default rates of run - of - the - mill general obligation bonds (without reference to their credit ratings) to the default rate of corporate bonds rated AAA.
The BB11 is calculated from the average yield of 11 selected general obligation municipal bonds maturing in 20 years.
The Fund primarily purchases general obligation and pre-refunded bonds issued for any purpose as well as certain revenue bonds.
Los Angeles public finance counsel Heather White authored this article about general obligation capital appreciation bonds (CABs) issued by California and Texas school districts.