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CITY COUNCIL AGENDA REQUEST AGENDA OF:INITIATED BY:PRESENTED BY:AGENDA REQUEST NO:040417JENNIFER BROWN DIRECTOR OF FINANCERESPONSIBLE DEPARTMENT:CATHY L. WAY FINANCE/INVESTMENT ANALYSTDIRECTOR:ADDITIONAL APPROVAL: SUBJECT
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Unlimited tax bonds series are bonds issued by a government entity that are backed by the full faith and credit of the issuer, meaning they have the authority to levy taxes without limitation to repay bondholders.
Government entities or municipalities that issue unlimited tax bonds series are required to file them.
To fill out unlimited tax bonds series, the issuer must provide detailed information about the bonds, including the amount issued, interest rate, maturity date, and the purpose of the bond proceeds.
The purpose of unlimited tax bonds series is to provide government entities with a source of funding for public projects and infrastructure improvements.
The information reported on unlimited tax bonds series includes the issuer's name, bond amount, interest rate, maturity date, and the purpose of the bond proceeds.
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