General obligation bonds definition
General obligation bonds means, collectively, the Limited Tax General Obligation Bonds and the Unlimited Tax General Obligation Bonds.
General obligation bonds means bonds or notes secured by the full faith and credit and unlimited taxing powers of a governmental unit.
General obligation bonds means state highway bonds issued pursuant to Paragraph (6)(a), Section 13, Article X of the South Carolina Constitution.
Examples of General obligation bonds in a sentence
General obligation bonds are backed by the full faith and credit, or taxing authority, of the issuer and may be repaid from any revenue source.
General obligation bonds are typically secured by the issuer's pledge of faith, credit and taxing power for the repayment of principal and the payment of interest.
General obligation bonds are typically secured by the issuer’s pledge of its faith, credit and taxing power for the repayment of principal and the payment of interest.
General obligation bonds are typically secured by the issuer's pledge of its faith, credit and taxing power for the repayment of principal and the payment of interest.
General obligation bonds are backed by the taxing and further borrowing power of the municipality.
More Definitions of General obligation bonds
General obligation bonds means collectively, (i) the $15,000,000 Tulare Local Health Care District (Tulare County, California) General Obligation Bonds, Election of 2005, Series A (2007); (ii) the $8,595,000 Tulare Local Health Care District (Tulare County, California) General Obligation Bonds, Election of 2005, Series B-1 (2009)(Tax-Exempt); and
General obligation bonds means bonds which are secured by, or provide for their payment by, the pledge, in addition to those special taxes levied for their discharge and such other sources as may be provided for their payment or pledged as security under the resolution authorizing their issuance, of the full faith and credit and taxing power of the district and for payment of which recourse may be had against the general fund of the district.
General obligation bonds means bonds payable, both principal and interest, from the proceeds of ad valorem taxes or ad valorem assessments which may be levied within the entire territory of the local agency, without limitation as to rate or amount, upon all property subject to taxation or assessment.
General obligation bonds means bonds that pledge the full faith and credit and the taxing power
General obligation bonds means debt in the form of bonds supported by a constitutional obligation of the State to make debt payments if no other source of funds is available. The creation of general obligation debt requires a constitutional amendment approved by two-thirds of both houses of the Legislature and a majority vote by the public.
General obligation bonds means bonds that pledge the full faith and credit and the taxing power of a school district;
General obligation bonds means those bonds, the principal and interest of which are secured by and payable from ad valorem taxes levied without limitation as to rate or amount.