Series 66: 2.4.19.1. General Obligation Bonds

Taken from our Series 66 Online Guide

2.4.19.1. General Obligation Bonds

GO bonds are sold to fund the general operating expenses of the municipal government or to provide funds for capital improvement projects, such as roads, parks, courthouses, and schools. They are backed by the full faith and credit of the issuer, which means that the issuer must use its full taxing and borrowing authority to ensure the timely payment of principal and interest.

Voter approval is often required for the issuance of gener

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Since you're reading about Series 66: 2.4.19.1. General Obligation Bonds, you might also be interested in:

Series 24 - 2.7.10. FINRA Conduct Rules

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Series 3 - 7.4.2.1. Cautionary Statement

Series 50 - Principal Requirements

Series 24 - Due-Bills

Series 51 - Lifetime Requirement

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