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).
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.
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.
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.
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.
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.
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
The MOA stated that Irwindale proposed to finance the stadium by issuing general obligation bonds