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Bill No. 2006 Concerning: General Obligation Debt AuthorizationIntroduced: May 26, 2020, Revised:Draft No. Enacted: Effective: Expires: August 24, 2020, Frederick County Code, Chapter Section(s)COUNTY
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The definition of general obligation debt is debt that is backed by the full faith and credit of the issuer, typically a government entity.
Government entities or organizations issuing general obligation debt are required to file.
The form must be completed with detailed information regarding the terms and conditions of the general obligation debt issued.
The purpose is to provide transparency and information to investors and stakeholders regarding the general obligation debt issued by government entities.
The information required includes the amount of debt issued, interest rates, maturity dates, and any other relevant terms.
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