Sentences with phrase «tax general obligation bonds»

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

Not exact matches

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 La Mesa bond is also a general obligation bond backed by taxes, which is safer than a revenue bond backed by the performance of the asset e.g. train fares.

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.

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

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

The first type is a general obligation bond and it is backed by the full faith and credit of the municipalities» taxing authority.

General obligation bonds: Municipal bonds that are backed by the full faith, credit, and taxing power of the issuer.

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.

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

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»

General obligation bonds are backed by the «full faith and credit» of the issuer, meaning it has the power to tax residents to re-pay the obligation.

The taxes are not necessarily unlimited as to rate or amount, so while all general obligation bonds are tax backed, not all tax - backed bonds are general obligations.

General obligation bonds, issued to raise immediate capital to cover expenses, are supported by the taxing power of the issuer.

Real estate taxes are the largest contributor to New York City's revenue and the primary source of funds that back its $ 40 billion in outstanding general - obligation bonds.