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The interest and principal of these bonds are paid out of solely the income of the particular enterprise and may be less secure than general obligation bonds. For that reason, they generally sell at lower prices to yield a higher return.
When looking at securities of general governments and school districts, general fund securities involve greater risks than do general obligation bonds. Much depends on the management quality and financial practices (e.g., pension and OPEB funding) of the specific issuers, but to the extent that there are general government defaults, this is the sector in which they are most likely to occur.
General obligation bonds traditionally are considered as secured debt, making them one of the safest bets for investors.
(2) Insured municipal bonds can provide a 10 to 15 basis point yield advantage over AAA-rated general obligation bonds. General obligation bonds are typically issued by a municipality which might be rated Baa or A.
OKLAHOMA CITY Competition was tight for buyers of Oklahoma City's latest round of general obligation bonds Tuesday, city Finance Director Craig Freeman said.
The City of Sarasota, Florida recently finalized the refunding of it's Series 2007 General Obligation Bonds, resulting in a savings of $6.4 million--nearly $291,000 for every year through fiscal 2037.
The state reported in a regulatory filing it expected to offer $5 million of the tax-free Series C general obligation bonds through Monday.
Those certificates - tax-exempt securities that don't include a promise to repay and typically use the project being constructed as collateral - carry higher interest rates than general obligation bonds, which are fully backed by the state's credit and, ultimately, its general fund.
The board also supported the initiative to allow the issuing of general obligation bonds for Arkansas water, waste disposal and pollution abatement facilities.
Proposition 401 would allow the district to float $951 million in general obligation bonds to build 1.6 million square feet of new space at 10 campuses in Maricopa County, buy land for new campuses, replace obsolete technology, remodel buildings and repair equipment and infrastructure.
The MOA stated that Irwindale proposed to finance the stadium by issuing general obligation bonds. In 1988, the state legislature passed a statute that precluded the city's use of such bonds to build a stadium.

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