Series 52: 1.2.1. Payment Of GO Bonds

Taken from our Series 52 Online Guide

1.2.1. Payment of GO Bonds

Periodic interest and amortization payments for general obligation bonds are usually paid out of the state or local government’s general fund, generated by state or local taxes and by the government’s ability to raise more funds through credit.

Even though it’s the general fund that is committed to repay

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