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General obligation bonds

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General obligation bonds
Municipal securities secured by the issuer's pledge of its full faith, credit, and taxing power.

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1 billion of general obligation bonds to spend on acquisition, development and protection of recreational, cultural and natural areas, to protect wildlife habitats and to repair and improve the safety of state and neighborhood parks.
Murdoch, however, said he advocates the sale of general obligation bonds during a recession because the construction work can stimulate the sluggish economy and the county can pay low interest rates on the bonds.
Addison Village (IL), $6,100,000 general obligation bonds, series 2007 (insured: MBIA Insurance Corp.
 
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