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ISSAQUAH SCHOOL DISTRICT NO. 411 KING COUNTY, WASHINGTONUNLIMITED TAX GENERAL OBLIGATION BONDS, 2017 RESOLUTION NO. 1095 A Resolution of the Board of Directors of Issaquah School District No. 411,
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Unlimited tax general obligation refers to a municipal bond that is secured by the issuer's unlimited taxing power, which means the issuer can raise taxes as needed to meet debt obligations.
Municipalities or governmental entities that issue unlimited tax general obligation bonds are required to file them.
To fill out unlimited tax general obligation, the issuer must provide information about the bond offering, the issuer's financial condition, and the intended use of the bond proceeds.
The purpose of unlimited tax general obligation is to provide a secure form of financing for municipalities or governmental entities to fund public projects or services.
The issuer must report details about the bond offering, the issuer's financial position, and the intended use of the bond proceeds.
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