Sentences with phrase «limited general obligation bonds»

Not exact matches

SCHAUMBURG — The Schaumburg Park District Board of Commissioners unanimously approved a $ 1.75 million general obligation limited tax bond issue Thursday night.

a type of municipal bond backed by the full faith, credit, and taxing power of the issuer, specifically its ability to collect taxes; only entities that have the right to levy and collect taxes can issue general obligation bonds; certain governmental entities are subject to legal limits on the amount of taxes that they can impose, and their issues are called limited - tax general obligation bonds; unlimited - tax bonds are issued by government entities that are not subject to those limits