Sentences with phrase «other general obligation bonds»

Not exact matches

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.

The provisions of Proposition 39 relating to the expenditure of general obligation bond proceeds for equipping of school facilities have not been interpreted by any court or other legal authority and, to our knowledge, are not pending before any court.

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.

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 YorkGeneral Obligation Index returned 3.7 % significantly behind general obligations of other large issuers such as California (10.59 %), Illinois (9.63 %) and New Yorkgeneral obligations of other large issuers such as California (10.59 %), Illinois (9.63 %) and New York (6 %).

The other is the general obligation bond, which is backed by the credit of the issuing jurisdiction, rather than the revenue from a specific project.