Examples of General obligation bond in a sentence
General obligation bond debt, to the extent authorized for the District, requires either two-thirds approval of the voters (in the case of traditional general obligation bonds) or 55% approval of the voters (in the case of general obligation bonds issued pursuant to Proposition 39).
General obligation bond proceeds may not be used to fund services or operations costs, including capitalized operating or services reserves.
General obligation bond is direct obligation and pledge the full faith and credit of the Town.
General obligation bond debt, to the extent authorized for the District, requires either two- thirds approval of the voters (in the case of traditional general obligation bonds) or 55% approval of the voters (in the case of general obligation bonds issued pursuant to Proposition 39).
General obligation bond debt authorized by the voters is secured by the “full faith and credit” of Pima County, which means the County pledges to retire the debt in an agreed upon number of years through an annual levy of a secondary property tax assessed against the value of all property in Pima County.