Sentences with phrase «in general obligation bonds»

«As the state official who will issue and sign up to $ 175 million in general obligation bonds to finance the project, I want to feel comfortable that building the factory will proceed as the Legislature intended, and the Nevada taxpayer is protected.»

Already eligible for the ballot is the «Kindergarten Through Community College Public Education Facilities Bond Act of 2016,» which would authorize $ 9 billion in general obligation bonds, including $ 3 billion for new construction and $ 3 billion for modernization of K - 12 public school facilities, $ 1 billion for charter schools and vocational education facilities and $ 2 billion for California Community Colleges facilities.

HOFFMAN ESTATES — The Hoffman Estates Park District Board this week approved a land donation agreement with Sears, Roebuck and Co. and the issuance of $ 17.7 million in general obligation bonds for its proposed community recreational center in the Prairie Stone business park.

BARRINGTON — The Barrington Park District will decide Nov. 5 whether to issue $ 300,000 in general obligation bonds to help pay for a renovation of the district's pool complex.

ROLLING MEADOWS — The Rolling Meadows Park District Board voted Tuesday night to issue $ 425,000 in general obligation bonds to raise funds that officials said would help restructure a loan and buy equipment.

The district has a right to sell about $ 200,000 in general obligation bonds without seeking voter approval, district officials said.

DES PLAINES — The Des Plaines Park District Board voted this week to issue $ 4.9 million in general obligation bonds to build a 37 - acre park that will include an 18 - hole miniature golf course, soccer fields, walking and jogging paths and a playground.

The village plans to issue $ 1.5 million in general obligation bonds for infrastructure improvements within the tax - increment financing redevelopment area and for development.

ST. CHARLES — The St. Charles Park District Board has voted to seek bids from financial institutions for the issuance of $ 2.17 million in general obligation bonds and to borrow an additional $ 1.2 million in an installment loan.

ELMHURST — The Elmhurst Park District board on Monday authorized issuing $ 975,000 in general obligation bonds for improvements, including repair of a ceiling in the Courts, its health facility on West Avenue.

The Crete Park District plans to issue $ 300,000 in general obligation bonds to fund recreational projects, including a second phase of a rails - to - trails bike path.

The board last week also approved issuing $ 580,000 in general obligation bonds.

We have to do something or we could be in for some real problems,» said Jack Ashenfelter, superintendent of Northwest Suburban High School District 214 in Arlington Heights, which approved selling $ 20 million in general obligation bonds, doubling the district's cash reserves.

In December of 1972 the vote went against the Park District's referendum to issue $ 2,550,000 in general obligation bonds for park improvement and development including the construction of a fieldhouse at Dryden Park, land acquisition, the construction of a north side maintenance garage, and the construction of an indoor ice rink complex along with increasing the corporate tax rate by.025 %.

HOFFMAN ESTATES — The Hoffman Estates Park District Board on Tuesday night voted unanimously to issue $ 17.7 million in general obligation bonds for the design and construction of the Prairie Stone Community Center.

The first question asks whether the district should issue $ 8 million in general obligation bonds to purchase the parcel at 1st Avenue and Three Oaks Road, improve it and build a family aquatic center, which could accommodate 850 to 1,000 swimmers.

In November 2000, the Park District went back to the community and asked for approval to issue $ 15 million in general obligation bonds to replace, construct and improve the swimming pools at Camelot, Frontier, Heritage, and Olympic Parks.

SOUTH BARRINGTON — The South Barrington Park District board voted Wednesday night to issue $ 400,000 in general obligation bonds for future improvements to the South Barrington Fitness Center and Tennis Club.

The Park District issued $ 17.7 million in general obligation bonds in spring 1999 to pay for construction of the facility.

Despite the threat of a Lake in the Hills condemnation lawsuit to buy the Hoffman Farm on Illinois Highway 31, the Cary Park District voted Thursday night to issue $ 12 million in general obligation bonds to finance the acquisition of the farmland.

Not exact matches

Although no state has defaulted on general obligation bonds in over 80 years, the 19 th century witnessed numerous instances in which states - and the Florida territory - defaulted on their debts or even repudiated them outright.

Meanwhile, in Detroit, the city initially classified its general obligation bonds as unsecured debt before settling with creditors for less than 100 cents on the dollar.

In February 2014, rating agencies downgraded Puerto Rico's general obligation debt and some related bonds below investment grade, with further downgrades possible.

This will spurt other states from New Jersey to Illinois to ask for Super Chapter 9, and the result would be a disaster for millions of American retirees who are invested in state and local general obligation bonds.

Standard & Poor's cut the island's general obligation bonds to junk in February last year.

The state's agreement to pay off Hartford's $ 550 million in general obligation debt has prompted a dramatic upgrade in the city's bond rating and a shift to a stable outlook.

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.

That very same day, Skelos praised Cuomo's «leadership,» following Moody's announcement that it had raised New York's general obligation bond rating to its highest level since the fiscal crisis of the mid-1970s, lauding the governor for working with the Legislature to move the state «in the right direction.»

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.

A $ 3.4 billion general obligation bond sale last week brought in nearly $ 1 billion for the School Facility Program, officials said Monday.

The Oregon Legislature this year authorized the sale of $ 123 million in state - backed general obligation bonds to fund a new School Capital Improvement Matching Program to help stretch local dollars and address urgent school facility needs across the state.

Munis come in two types: general obligation (GO) bonds and revenue bonds.

Glass - Steagall Act of 1939: The federal law that prohibited banks from acting as dealers or underwriters in any securities other than general obligation municipal bonds.

General obligation bonds tracked in the S&P Municipal Bond Illinois G.O. Index have also seen volatility as they have recovered by returning 8.34 % so far.

While Illinois gets a lot of press it is New Jersey general obligation bonds that are moving more like Puerto Rico bonds in 2015.

the area or activities to which the funds raised from a municipal bond issue will be directed and, in turn, the source of future bond interest payments and principal repayment; for general obligation bonds, funds raised may be for general purposes, both operating and infrastructure, and payments are secured by the general taxing power of the issuer — usually a state, town, or city; revenue bonds are categorized under terms such as «Utilities» or «Transportation»

In natural disasters of the magnitude of Harvey (think 2005's Hurricane Katrina) special bond programs can be created that offer incentives to investors that go beyond traditional debt issuances, such as general obligation bonds.

In the first row, the State of Nevada general obligation bonds are offering a coupon rate of 5 % with a maturity in May of 202In the first row, the State of Nevada general obligation bonds are offering a coupon rate of 5 % with a maturity in May of 202in May of 2028.

Many factors affect the value, or price, of a particular bond, but the two big influences are 1) future inflation expectations (as reflected in general interest rates) and 2) the risk of Corp A «defaulting» — not meeting its obligation to make each year the $ 50 interest payment and, eventually, repaying the $ 1,000 bond principal.

Puerto Rico municipal bonds have enjoyed a positive bounce in 2016 however the general obligation bonds are still a small anchor on performance of the high yield municipal bond market as the S&P Municipal Bond Puerto Rico General Obligation Index is down over 2 % year - to general obligation bonds are still a small anchor on performance of the high yield municipal bond market as the S&P Municipal Bond Puerto Rico General Obligation Index is down over 2 % year - to - dbond market as the S&P Municipal Bond Puerto Rico General Obligation Index is down over 2 % year - to - dBond Puerto Rico General Obligation Index is down over 2 % year - to General Obligation Index is down over 2 % year - to - date.

This segment is a small anchor as the index tracks just over $ 11billion in par amount of general obligation bonds.

In February 2014, rating agencies downgraded Puerto Rico's general obligation debt and some related bonds below investment grade, with further downgrades possible.

While revenue bonds have a larger foot print by par amount outstanding in the municipal bond market, general obligation bonds remain an integral component of the financing of infrastructure.

The strategy may invest in all types of municipal obligations, including pre-refunded bonds, general obligation bonds, revenue bonds and municipal lease participations.

Municipal Bond Risk (Municipal Bond Fund only): The value of municipal bonds that depend on a specific revenue source or general revenue source to fund their payment obligations may fluctuate as a result of changes in the cash flows generated by the revenue source (s) or changes in the priority of the municipal obligation to receive the cash flows generated by the revenue source (s).

The BB11 is calculated from the average yield of 11 selected general obligation municipal bonds maturing in 20 years.

The election on April 4 will ask voters in Kansas City a simple yes or no for Question 3, which would approve a general obligation bond package that includes the shelter and «Americans with Disabilities Act improvements to public buildings and structures.»

Ventura County voters went to the polls in March 2002 and voted to authorize a $ 356 million general obligation bond to renovate and expand all three campuses and the district training facilities for police, fire, and sheriff's officers.

Representing a not - for - profit company in a lawsuit in the District of Puerto Rico against an insurance and bonding company for the company's failure to pay or perform under a surety bond that guaranteed a general contractor's obligation to construct a housing facility for the elderly.

Residents just voted in favor of the Miami Forever Bond, a $ 400 million general obligation bond intended to shore up the city's ability to withstand extreme climate eveBond, a $ 400 million general obligation bond intended to shore up the city's ability to withstand extreme climate evebond intended to shore up the city's ability to withstand extreme climate events.