Get the free Refunding Bond Resolution - Jackson County School District
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This document outlines the resolution for the issuance and sale of general obligation refunding bonds by the Jackson County School District, detailing definitions, findings, security for the bonds,
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What is refunding bond resolution?
A refunding bond resolution is a legal document that authorizes the issuance of refunding bonds, which are used to refinance existing debt at lower interest rates.
Who is required to file refunding bond resolution?
The issuer of the bonds, usually a governmental entity or a corporation, is required to file the refunding bond resolution.
How to fill out refunding bond resolution?
The refunding bond resolution is typically filled out by the issuer's legal counsel or a municipal finance professional. It requires specific information about the existing debt, proposed refunding terms, and authorization for the new issuance.
What is the purpose of refunding bond resolution?
The purpose of a refunding bond resolution is to provide the legal authority to refinance existing debt by issuing new bonds at more favorable terms, such as lower interest rates, to reduce the issuer's debt service costs.
What information must be reported on refunding bond resolution?
The refunding bond resolution typically includes details about the existing debt being refinanced, proposed terms of the new bonds, the authority to issue the new bonds, and any necessary approvals or authorizations.
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