Get the free General Obligation Refunding Bonds, Series 2012

This document is an official statement regarding the issuance of General Obligation Refunding Bonds by the City of Des Plaines, Cook County, Illinois, detailing financial data, bond terms, and related

How to fill out general obligation refunding bonds

How to fill out General Obligation Refunding Bonds, Series 2012

1. Obtain the relevant forms for General Obligation Refunding Bonds, Series 2012 from the issuing authority.
2. Fill out the basic information, including the issuer's name and contact details.
3. Specify the purpose of the bonds and the specific refunding project.
4. Indicate the total amount of bonds being issued for refunding.
5. Provide details related to the maturity schedule and interest rates of the bonds.
6. Include necessary signatures from authorized representatives.
7. Attach any required supporting documents, such as financial statements or project plans.
8. Review the filled application for completeness and accuracy before submission.
9. Submit the application to the appropriate regulatory body for approval.

Who needs General Obligation Refunding Bonds, Series 2012?

1. Municipalities looking to refinance existing debt to take advantage of lower interest rates.
2. Local governments seeking to reduce their debt service costs.
3. Public entities aiming to restructure their debt for better financial management.
4. Investors interested in purchasing municipal bonds for their investment portfolios.

People Also Ask about

Do general obligation bonds have collateral?

G.O. bonds are typically not backed by a specific form of collateral.

What are general obligation bonds backed by?

General obligation, or GO, bonds are backed by the general revenue of the issuing municipality, while revenue bonds are supported by a specific revenue source, such as income from a toll road or sewer system.

What is a general obligation bond?

Definition: General Obligation (GO) bonds are a form of long-term borrowing in which the state issues municipal securities and pledges its full faith and credit to their repayment. Bonds are repaid over many years through semi-annual debt service payments.

What are bonds backed by?

Treasurys, savings bonds and debt securities issued by federal agencies are backed by the "full faith and credit" of the U.S. government, which is a promise by the U.S. government to pay all interest when due and redeem bonds at maturity.

What is the difference between a general obligation bond and a revenue bond?

Munis can generally be classified into two camps — general obligation bonds and revenue bonds. General obligation, or GO, bonds are backed by the general revenue of the issuing municipality, while revenue bonds are supported by a specific revenue source, such as income from a toll road or sewer system.

Who backs a bond?

Bonds are issued by governments and corporations when they want to raise money. By buying a bond, you're giving the issuer a loan, and they agree to pay you back the face value of the loan on a specific date, and to pay you periodic interest payments along the way, usually twice a year.

Who backs general obligation bonds?

G.O. bonds are typically not backed by a specific form of collateral. Instead, they are backed by the full faith, credit, and taxing power of the municipality. Normally, full faith and credit bonds are not as safe as secured bonds, but the taxing power of municipalities is a significant factor.

How are general obligation bonds paid for in California?

General obligation bonds, also called G.O. bonds, are backed by the full faith and credit of the issuing agency and are paid for by increasing local property taxes above the limit imposed by Proposition 13. Because they involve an increase in property taxes, they require voter approval.

For pdfFiller’s FAQs

What is General Obligation Refunding Bonds, Series 2012?

General Obligation Refunding Bonds, Series 2012 are bonds issued by a governmental entity to refinance existing debt. These bonds are backed by the full faith and credit of the issuing authority, which means they are funded through tax revenues.

Who is required to file General Obligation Refunding Bonds, Series 2012?

Entities that issue General Obligation Refunding Bonds, Series 2012 must file relevant reports with oversight bodies, typically encompassing state or municipal authorities, bondholders, and financial regulatory agencies.

How to fill out General Obligation Refunding Bonds, Series 2012?

Filling out General Obligation Refunding Bonds involves providing detailed financial information, including the purpose of the refunding, proposed rates, and terms, as well as compliance with legal and regulatory requirements.

What is the purpose of General Obligation Refunding Bonds, Series 2012?

The purpose of General Obligation Refunding Bonds, Series 2012 is to lower interest rates on existing debt, extend repayment periods, and improve cash flow for the issuing authority by taking advantage of favorable market conditions.

What information must be reported on General Obligation Refunding Bonds, Series 2012?

Reportable information on General Obligation Refunding Bonds, Series 2012 includes the bond characteristics, interest rates, maturity dates, the amount being refunded, and the anticipated saving from the refunding process.