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III. ACTION ITEMS A. Approval of Minutes November 15, 2007, Board Retreat November 30, 2007, Board Meeting 1 B. Resolution on Revenue Bond Refinancing RESOLUTION AUTHORIZING ISSUANCE OF AUXILIARY
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How to fill out resolution on revenue bond
How to Fill Out Resolution on Revenue Bond:
01
Begin by accessing the appropriate resolution form for revenue bond issuance. This can typically be obtained from the relevant government or financial institution responsible for overseeing the bond issuance process.
02
Fill in the necessary details in the resolution form, such as the name of the issuer (the entity issuing the bond), the purpose of the bond, and the principal amount being issued. Provide a thorough and accurate description of the project or purpose for which the bond proceeds will be used.
03
Consult legal counsel or financial advisors to ensure compliance with all applicable laws, regulations, and requirements. They can provide guidance on any specific language or clauses that may need to be included in the resolution based on local or regional regulations.
04
Include provisions regarding the terms and conditions of the bond, such as the interest rate or coupon rate, maturity date, repayment terms, and any sinking fund requirements. These details will determine the financial obligations associated with the bond issuance.
05
Outline the process for approving the resolution. This normally involves obtaining the necessary approvals from the issuing entity's governing body, such as the board of directors, city council, or other appropriate authority. Be sure to include the date of the approval and the names and titles of individuals involved in the approval process.
06
Consider attaching any supporting documents or exhibits that may be required, such as financial statements, project plans, or legal opinions. These additional materials can provide further context and legitimacy to the bond issuance.
Who Needs Resolution on Revenue Bond:
01
Municipalities or local governments may need a resolution on revenue bond if they intend to finance a specific project or initiative through the issuance of these bonds.
02
Public utilities, such as water or electric companies, may require a resolution on revenue bond if they need to fund infrastructure improvements or expansions.
03
Private entities or corporations may also need a resolution on revenue bond if they plan to raise capital through bond offerings for business purposes.
In summary, anyone seeking to issue revenue bonds for financial reasons will need to fill out a resolution and seek the necessary approvals. The specific details and requirements may vary depending on the jurisdiction and the purpose of the bond issuance.
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What is resolution on revenue bond?
Resolution on revenue bond is a formal decision or action taken by the issuer of the bond to authorize its issuance.
Who is required to file resolution on revenue bond?
The issuer of the bond, such as a government or corporation, is required to file the resolution on revenue bond.
How to fill out resolution on revenue bond?
To fill out a resolution on revenue bond, the issuer must include details such as the amount of the bond, its purpose, and the terms of its issuance.
What is the purpose of resolution on revenue bond?
The purpose of a resolution on revenue bond is to formally authorize the issuance of the bond and provide important information to potential investors.
What information must be reported on resolution on revenue bond?
Information such as the amount of the bond, its purpose, the terms of its issuance, and any related regulations or requirements must be reported on a resolution on revenue bond.
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