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 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 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 direct obligations and pledge the full faith and credit of the government.

  • General obligation bonds are direct obligations and pledge the full faith and credit of the District.

  • General obligation bonds have been issued for both governmental and business-type activities.

  • General obligation bonds are direct obligations and pledge the full faith and credit of the City.

  • General obligation bonds payable General obligation bonds are direct obligations and pledge the full faith and credit of the school district.


More Definitions of 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 bonds which are secured by, or provide for their payment by, the pledge of the full faith and credit and taxing power of the District, 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, 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 authorized to be issued by a governing body or any successor thereto which are payable or which may be paid from ad valorem taxes or which constitute a debt or an indebtedness of the issuer within the meaning of any constitutional or statutory limitation, which mature one (1) or more years after the date of their issuance and delivery;
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.