Series 7: 3.3.1.1.2. Bond Counsel

Taken from our Series 7 Online Guide

3.3.1.1.2. Bond Counsel

The bond counsel is an independent law firm hired to provide an objective legal opinion that the bonds are valid and binding obligations of the issuer and that interest on the bonds is exempt from federal and state income taxes. The bond counsel is not an advocate for the municipality and does not make financial judgments as to the advisability of th

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