Series 50: Type Of Issuance And Source Of Funds

Taken from our Series 50 Online Guide

Type of Issuance and Source of Funds

Bonds that carry the full faith and credit of the issuing municipality (GO bonds) are more marketable than those that do not, because investors know that the issuer can simply raise taxes in case of a revenue shortfall. Unlimited tax GO bonds carry no debt limit and are less risky than limited tax GO bonds, with whic

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