A general obligation bond
is repaid directly by the state's taxpayers.
Under a general obligation bond
, the amount will fluctuate (from person to person).
MOODY'S LOWERS STATE OF CALIFORNIA GENERAL OBLIGATION BOND
In May 2004, district voters approved by a wide margin a $450 million general obligation bond
authorization which addresses district-wide improvements as well as establishes five new community campuses for underserved or rapidly growing areas in the county.
However, according to board member David Pollock, a $25 million general obligation bond
that the district tried and failed to pass in 1990 would have amounted to about $75 per parcel, he said.
One of them is a commission recommendation that would allow local general obligation bond
issues to be approved by a simple majority of the voters.
Shelby County's long-term 'AA' general obligation bond
rating is based on a deep, diverse economic base; solid and improving financial reserves; and above-average but manageable debt burden.
People who are living in homes don't want to be double-taxed both with the Mello-Roos district and the general obligation bond
,'' said Carolyn Hansen, assistant superintendent of business services.
The county maintains a formal capital improvement plan, whose local portion has been historically financed with $16 million in voter-approved general obligation bond
authorizations every two years.
SAN FRANCISCO -- Fitch rates King County, WA's $53,000,000 Limited Tax General Obligation Bond
Anticipation Notes 2006, Series A and $31,445,000 Limited Tax General Obligation Bond
Anticipation Notes 2006, Series B 'F1+'.
The series 2006 bonds represent the final issuance from a Proposition 39 general obligation bond
authorization approved by a wide margin of voters in November 2002.
Los Angeles' debt issuance has increased lately, the result of successful general obligation bond