Get the free Bond Authorizing Resolution

This document presents a resolution by the Board of Governors of Wayne State University to authorize the issuance of tax-exempt General Revenue Bonds, aimed at generating $150 million for various capital projects such as the School of Medicine & Karmanos Cancer Institute building, along with improvements to other campus facilities. The bond issuance will be secured by the University\'s General Revenues and includes stipulations for potential refunding of prior bonds. It outlines the roles of...

How to fill out bond authorizing resolution

How to fill out bond authorizing resolution

1. Begin with a clear title: 'Bond Authorizing Resolution'.
2. Introduce the purpose of the resolution, specifying the amount of the bond.
3. Include a statement of intent to issue bonds to finance specified projects.
4. Specify the legal authority under which the bond is being issued.
5. Outline the terms and conditions of the bond, including interest rates and repayment schedule.
6. Provide details about the use of proceeds from the bond sale.
7. Include a section for signatures of authorized officials approving the resolution.
8. Attach any necessary supporting documentation or exhibits as appendices.

Who needs bond authorizing resolution?

1. Local governmental entities seeking to raise funds through bond issuance.
2. Municipalities planning large infrastructure projects that require financing.
3. Non-profit organizations that need to issue bonds for specific purposes.
4. Financial institutions overseeing the issuance process.

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What is bond authorizing resolution?

A bond authorizing resolution is a formal document passed by a governing body that authorizes the issuance of bonds to finance specific projects or initiatives.

Who is required to file bond authorizing resolution?

Typically, government entities such as municipalities, school districts, and other public agencies that plan to issue bonds are required to file a bond authorizing resolution.

How to fill out bond authorizing resolution?

To fill out a bond authorizing resolution, include details such as the amount of bonds to be issued, the purpose of the bonds, the repayment terms, and the specific projects the funds will support.

What is the purpose of bond authorizing resolution?

The purpose of a bond authorizing resolution is to provide legal authority for the issuance of bonds and to outline the terms and conditions under which the bonds will be issued.

What information must be reported on bond authorizing resolution?

Information that must be reported includes the amount of the bond issue, interest rates, maturity dates, purposes for which the funds will be used, and a description of the projects being financed.