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Bill No. 1749Introduced: March 27, 2017THE CITY OF LINCOLN, NEBRASKA ORDINANCE NO. PASSED:, 2017 APPROVED:, 2017 AUTHORIZING NOT TO EXCEED×2,350,000 OCCUPATION TAX REVENUE BONDS (9TH AND O REDEVELOPMENT
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Occupation tax revenue bonds are debt securities issued by a government entity to finance specific projects or initiatives using revenue generated from occupational taxes.
Government entities or municipalities that are seeking to finance projects using revenue from occupational taxes are required to file occupation tax revenue bonds.
Occupation tax revenue bonds can be filled out by providing details of the project being financed, the amount of revenue generated from occupational taxes, and other relevant financial information.
The purpose of occupation tax revenue bonds is to provide government entities with a means to finance projects or initiatives using revenue from occupational taxes without impacting their general fund.
Occupation tax revenue bonds must include details of the project being financed, the amount of revenue generated from occupational taxes, the terms of the bond issue, and other financial information.
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