Sentences with phrase «obligation bonds»

If approved, Measure H would authorize the school district to increase its debt by $ 270 million through issuing general obligation bonds in that amount.

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.

The debt was structured as a moral obligation bond in which the state promises to pay back the principal plus interest, but is not legally required to do so.

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

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.

Funds to build the day - care center would come from a general obligation bond issue and $ 500,000 in proceeds from selling the 2.5 - acres.

Approved for CCSD financial consultants to prepare, price and tentatively market the sale of general obligation bonds for voter - approved SPLOST purposes;

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.

Illinois postponed a sale of $ 500 million of general obligation bonds on Jan. 30 after a ratings downgrade increased the cost of financing.

Puerto Rico general obligation bonds tracked in the S&P Municipal Bond Puerto Rico General Obligation Index have rallied 13.67 % this year ahead of the planned $ 3 billion bond sale by Puerto Rico this coming Tuesday.

GLEN ELLYN — After a public hearing Monday night, Glenbard High School District 87 school officials said they would proceed with a $ 3 million general obligation bond sale authorized last month by the school board.

Rhode Island lawmakers are debating whether to honor the moral obligation bonds used to finance failed videogame company 38 Studios.

If the island misses a payment on the general obligation bonds coming due on January 1, ««it would be an earthquake for the markets,» Matt Fabian, a partner at Municipal Market Analytics, a financial research firm, told Dealbook.

Puerto Rico's general obligation bonds fell 8 percent in early trade on June 29 to a record average low of 70.778 cents on the dollar from 77.111 cents on June 26.

Refinancing on the general obligation bonds dropped the interest rate to 5.15 percent from 6.86 percent on $ 3.4 million remaining on the debt.

After much effort on the part of the committee it was decided that the Park District should build an indoor tennis facility with revenue bonds and conduct a general obligation bond referendum for the construction of an indoor ice rink.

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.

New York's general - obligation bonds carry the third - highest rating from Standard & Poor's, Fitch Ratings and Moody's Investors Service.

Moody's Investors Service rates the city's general obligation bonds Aa2, while S&P Global Ratings and Fitch Ratings rate them AA.

And, while not part of the budget for education, Illinois must also pay down the portion of the state's annual pension obligation bond payments (POBs) allotted to the Teachers» Retirement System, or TRS, which covers all Illinois elementary - and secondary - school teachers outside of Chicago.

Illinois wrestled with its pension obligations all year making headlines but it is general obligation bonds from New Jersey that underperformed the overall market.

The riskiest investments in bonds Bank Loans, low grade corporate bonds, and municipal revenue obligation bonds.

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.»

He is the past chair of the City of Hollywood Charter Review Committee, past vice-chair of the City's General Obligations Bonds Oversight Committee, and was a member of the City's Ad Hoc City Attorney Screening Committee.

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 events.

Moody's Investors Service downgraded Cook County's general obligation bond rating to A1 from Aa3 due to the county's «growing pension liability.»

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.

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.

Carol Stream Park District officials said they need voter approval in a referendum Tuesday in order to issue $ 6.1 million in general obligation bonds for construction of the facilities.

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.

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

CRETE — As part of his campaign against issuing general obligation bonds without voter approval, Crete resident Richard Blievernicht spoke out against two bond proposals at recent local public hearings.

General obligation bonds issued by Puerto Rico tracked in the S&P Municipal Bond Puerto Rico General Obligation Index have returned a negative 11.97 % for the month - to - date (a record monthly drop in this index).

Pension costs, including payments on pension obligation bonds, totaled $ 504 million, the report indicted.

Moody's Investors Service downgraded Cook County's general obligation bond rating to A1 from Aa3 due to the county's «growing...

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.

Unlike the bond payments that went into default on Monday, the ones coming due are on general obligation bonds — the kind many investors have been led to believe would never go into default because the issuer's full faith, credit and taxing authority stand behind them.

In an era when the pension liabilities of local governments remain a concern, investors may want to consider the debt offered by established public enterprises — airports and utilities, for example — as an attractive alternative to lease revenue and pension obligation bonds.

I am somewhat negative on local general obligation bonds; higher education; leasing & rental; hospital and tobacco sectors.

However, a deal that granted unsecured holders of the city's unlimited tax general obligation bonds a 74 percent recovery was possibly at the top range of reasonableness, Rhodes said.

They decided to focus on selecting bonds issued by the government of Puerto Rico and its public corporations, which could include infrastructure bonds backed by alcohol taxes and general obligation bonds.

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 settlement specifically pertains to unlimited - tax general obligation bonds, Orr said on «Squawk on the Street.»