Sentences with phrase «obligation bonds issued»

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 Medinah Park District has authorized its attorney to draft an ordinance for a $ 530,000 general obligation bond issue to fund miscellaneous park projects that officials say are necessities.

Not exact matches

debt obligations of the U.S. government that are issued at various intervals and with various maturities; revenue from these bonds is used to raise capital and / or refund outstanding debt; since Treasury securities are backed by the full faith and credit of the U.S. government, they are generally considered to be free from credit risk and thus typically carry lower yields than other securities; the interest paid by Treasuries is exempt from state and local tax, but is subject to federal taxes and may be subject to the federal Alternative Minimum Tax (AMT); U.S. Treasury securities include Treasury bills, Treasury notes, Treasury bonds, zero - coupon bonds, Treasury Inflation Protected Securities (TIPS), and Treasury Auctions

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.

the initial sale of U.S. debt obligations and new issues, offered and purchased directly from the U.S. government at a face value set at auction; these securities are auctioned in a single - priced, Dutch auction; auctions are held with the following frequencies: Treasury bills with one - month (30 day), three - month (90 day), and six - month (180 day) maturities are auctioned weekly; treasury notes with two - and five - year maturities are auctioned monthly; Notes with three - year maturities are auctioned in February, May, August, and November; treasury bonds with 10 - year maturities are auctioned in February, May, August, and November.

a municipal bond that is secured by an escrow fund; the escrow fund comes from the issuer floating a second bond issue and using the proceeds from that second bond issue to purchase government obligations, typically U.S. Treasuries, proceeds from the second bond issue create an escrow fund to mature at the first call date of the first bond issue to pre-refund that issue; bond issuers will typically do this during times of lower interest rates to lower their interest costs

the difference between the stated redemption price at maturity (if greater than one year) and the issue price of a fixed income security attributable to the selected tax year; NOTE: Tax reporting of OID obligations is complex; if acquisition or bond premium is paid during the purchase, or if the obligation is a stripped bond or stripped coupon, the investor must compute the proper amount of OID; refer to IRS Publication 1212, List of Original Issue Discount Instruments, to calculate the correcissue price of a fixed income security attributable to the selected tax year; NOTE: Tax reporting of OID obligations is complex; if acquisition or bond premium is paid during the purchase, or if the obligation is a stripped bond or stripped coupon, the investor must compute the proper amount of OID; refer to IRS Publication 1212, List of Original Issue Discount Instruments, to calculate the correcIssue Discount Instruments, to calculate the correct OID

Also called «munis» for short, municipal bonds are debt obligations issued by a state, municipality, or a county to finance its capital expenditures, such as construction of highways, schools, hospitals, and...

Credit ratings are published rankings based on detailed financial analyses by a credit bureau specifically as it relates the bond issue's ability to meet debt obligations.

And now he was rejecting that absolute obligation, and the committing of the self under Canon Law, rejecting it in favour of a new freedom — a freedom which he believed to be the heart of the message of the Word, a freedom indeed to be bound, not by the rules of men, not by Church officials, but solely by the bonds of grace, which themselves issued in another, greater freedom.

Commissioners also are considering approving the issuing of a $ 550,000 general obligation bond to help pay for buying and remodeling Park Central, the district's headquarters and banquet facility at 3000 Central Rd.

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.

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

Sportsplex would take on the bulk of the construction cost - about $ 5.5 million - and the Park District would issue general obligation bonds to finance the remainder.

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.

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.

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.

The village would issue general obligation bonds and turn over the funds to the Park District, while the school district would repay the village for the cost of the park.

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.

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 %.

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

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.

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

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.

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.

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.

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

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.

Thirty - four states have conduit bond - issuing agencies, but only a few have made the state's credit (either general obligation or moral obligation) available to charters.

(13) PROJECT OBLIGATION. - The term «project obligation» means any note, bond, debenture, or other debt obligation issued by an obligor in connection with the financing of a project, other than a Federal credit instrument.»

The term project obligation means any note, bond, debenture, or other debt obligation issued by an obligor in connection with the financing of a project, other than a Federal credit instrument.

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.

* Review focused on bonds issued by and are the general obligation of counties and cities.

Municipalities may also issue unsecured bonds, or general obligation bonds, backed by the municipality's taxing power.

Treasury Bond: Negotiable, long - term U.S. Government debt obligation with a maturity of ten years or longer, issued in minimum denominations of $ 1,000.

Obligations issued by the US government such as Treasury bills, US savings bonds and US agency obligations are known as direct US government oObligations issued by the US government such as Treasury bills, US savings bonds and US agency obligations are known as direct US government oobligations are known as direct US government obligationsobligations.

Bonds refer to debt with a maturity of 10 years or more, while notes are issued for terms of two to seven years and bills cover obligations that are payable in a year or less.

a municipal bond that is secured by an escrow fund; the escrow fund comes from the issuer floating a second bond issue and using the proceeds from that second bond issue to purchase government obligations, typically U.S. Treasuries, proceeds from the second bond issue create an escrow fund to mature at the first call date of the first bond issue to pre-refund that issue; bond issuers will typically do this during times of lower interest rates to lower their interest costs

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»

the initial sale of U.S. debt obligations and new issues, offered and purchased directly from the U.S. government at a face value set at auction; these securities are auctioned in a single - priced, Dutch auction; auctions are held with the following frequencies: Treasury bills with one - month (30 day), three - month (90 day), and six - month (180 day) maturities are auctioned weekly; treasury notes with two - and five - year maturities are auctioned monthly; Notes with three - year maturities are auctioned in February, May, August, and November; treasury bonds with 10 - year maturities are auctioned in February, May, August, and November.

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

The credit ratings are published rankings based on detailed financial analyses by a credit bureau specifically as it relates to the bond issue «rs ability to meet debt obligations.

This term is used to describe bonds issued by governments that are first - hand obligations of the government itself.

Surety bonds, like most bond issues, tend to be quite large and therefore the issuing organization assumes more risk should the company which took on the debt go out of business or fail to meet financial obligations of the issuance.

A surety bond, which is also known as a performance bond, is issued for businesses and ensures that any obligation made to a third - party is fulfilled or said party will recover whatever is lost.

For instance, coupon payments for muni bonds sold to fund those activities are federally taxed, with one common example is a bond issued to fund a state's pension plan obligation.

MBIA Corp. issues financial guarantees for municipal bonds, asset - backed and mortgage - backed securities, investor - owned utility bonds, bonds backed by publicly or privately funded public - purpose projects, bonds issued by sovereign and sub-sovereign entities, obligations collateralized by diverse pools of corporate loans and pools of corporate and asset - backed bonds, and bonds backed by other revenue sources such as corporate franchise revenues, both in the new issue and secondary markets.

In addition the issuing company has the advantages of a lower cost of capital and the ability to get rid of debt obligations through bond conversions.

MBIA Corp. issues financial guarantees for municipal bonds, asset - backed and mortgage - backed securities, investor - owned utility bonds, bonds backed by publicly or privately funded public purpose projects, bonds issued by sovereign and sub-sovereign entities, obligations collateralized by diverse pools of corporate loans and pools of corporate and asset - backed bonds, both in the new issue and secondary markets.