MUNIES
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each of the black spaces below before clicking
on it to display the answer.
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| REVENUE BACKED BY | FULL TAXING POWER AUTHORY.
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| revenue bonds ARE NOT SUBJECT TO | Statutory debt limitations are analyzed primarily on the project's ability to generate earnings
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| (IDBs) funds pay... | The principal and interest on the bonds and to....
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| (IDBs) are issued by.... | municipalities or other governmental units construct a facility for a private corporation
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| (IDB) backed by | the full faith and credit of the **CORPORATION**
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| TRUST INDENTURE CONTAINS (3) | 1. application of flow of funds 2. revenue pledge 3. rate covenant
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| closed-end provision means.... | additional issues will have junior liens
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| PROTECTive covenants found in... | the TRUST indenture of a REVENUE bond
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| associated with GO bonds | 1 Voter referendum 2 Limited Tax bond 3 Coterminous debt
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| " USER CHARGES" would be used to service | REVENUE BONDS
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| Revenue bonds are backed by | project earnings (user fees), not taxes, and are generally considered low risk.
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| which bonds are backed by the taxing authority of the issuer, and are subject to statutory debt limits. | ONLY **GO BONDS**
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| muni variable rate demand obligation interest/coupon | Interest... tied to the movements of another specified interest rate coupon... changes and the price remains stable
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| GO mains source of revenue is.... | ad valorem (real estate) taxes
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| fyi..the FULL taxing power of the municipality backs a general obligation municipal bond | GO has least defult risk
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