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AMENDMENT NO. 1 TO ORDINANCE NO. 96 OF 2016 SERIES ORDINANCE NO. 1 UNDER 2016 GENERAL REVENUE BOND ORDINANCE A SERIES ORDINANCE PURSUANT TO THE 2016 GENERAL REVENUE BOND ORDINANCE, AUTHORIZING THE
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A general revenue bond ordinance is a legal document that authorizes the issuance of bonds payable from general revenues of a municipality or government entity, typically used for funding public projects.
Government entities such as municipalities or public authorities that intend to issue general revenue bonds are required to file a general revenue bond ordinance.
To fill out a general revenue bond ordinance, you must provide details such as the purpose of the bonds, the amount to be issued, payment terms, and the projected revenues that will secure the bonds.
The purpose of a general revenue bond ordinance is to establish the legal framework for the issuance of bonds that will fund construction or improvements of public facilities while ensuring bondholders receive payment from general revenues.
Information that must be reported includes the bond amount, the project description, sources of revenues for repayment, the maturity date, and any covenants related to the bonds.
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