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Tax Exempt General Obligation Bonds, Series of 2019BILL NO. 82019ORDINANCE 2019AN ORDINANCE OF COUNCIL OF THE CITY Of BETHLEHEM, LEIGH AND NORTHAMPTON COUNTIES, PENNSYLVANIA, AUTHORIZING AND DIRECTING
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A general obligation bond is a type of municipal bond that is backed by the credit and taxing power of the issuing jurisdiction rather than the revenue generated by a specific project.
Government entities or municipalities that issue general obligation bonds are required to file them.
To fill out a general obligation bond, the issuer must provide details about the bond terms, interest rate, repayment schedule, and other pertinent information.
The purpose of a general obligation bond is to raise funds for public projects such as infrastructure improvements, schools, or other government initiatives.
General obligation bonds typically require reporting on the issuer's financial health, the bond's terms, and any potential risks to investors.
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