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This document outlines the structure, financing, and implications of General Obligation Bonds issued by Miami-Dade County, Florida. It details the security sources for the bonds, including unlimited ad valorem taxes on all taxable property within the County, as well as the approved uses of the funds raised. The document further explores historical data on property values, tax levies, collections, and principal property taxpayers within the County.
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General obligation bonds are debt securities issued by a government entity that are backed by the issuer's full faith and credit, including its ability to levy taxes to repay the bondholders.
Entities such as municipalities, states, and other governmental bodies that issue general obligation bonds are required to file them.
To fill out general obligation bonds, you need to provide details such as the issuer's name, amount of the bond, interest rate, maturity date, and signatures from authorized individuals.
The purpose of general obligation bonds is to raise funds for public projects like schools, roads, and infrastructure, which benefit the community.
Information that must be reported includes the bond amount, interest rate, payment schedule, maturity date, issuer details, and any relevant financial disclosures.
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