Connecticut Sample Letter Notifying City of Counsel's Refusal to Submit Proposal to Serve as Bond Counsel
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How to fill out Sample Letter Notifying City Of Counsel's Refusal To Submit Proposal To Serve As Bond Counsel?
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FAQ
Municipal bonds are issued by local and state governments to help fund public projects or municipal government operations, like building new schools or repairing city sewer systems.
Bond Counsel is an important member of the debt issuance team who is retained by the Issuer but represents the interests of the bondholders. Bond Counsel provides a legal opinion that: Issuer is authorized to issue proposed municipal securities and has met all legal and procedural requirements necessary for issuance.
What are Municipal Bonds? Municipal bonds are debt securities issued by states, cities, counties and other governmental entities to fund day-to-day obligations and to finance capital projects such as building schools, highways or sewer systems.
By purchasing municipal bonds, you are in effect lending money to the bond issuer in exchange for a promise of regular interest payments, usually semi-annually, and the return of the original investment, or ?principal.? A municipal bond's maturity date (the date when the issuer of the bond repays the principal) may be ...
Whether the bonds are sold at negotiated or competitive sale, bond counsel is customarily responsible for preparation and review of the legal proceedings for the issuance of the bonds, including election proceedings if an election is required, resolutions of the governing body of the issuer authorizing the issuance of ...
