Travis Texas Order Refunding Bond

• Category: Criminal - Bail
• State: Multi-State
• County: Travis
• Control #: US-00867
• Format: Word; Rich Text

Description

This is an Order Refunding Bond. This is used when the Defendant feels that the bond money paid should be refunded in whole or in part to their attorney. This may be tailored to fit your aprticular needs. Travis Texas Order Refunding Bond is a financial instrument issued by the Travis County government in Texas, aimed at refinancing existing debt obligations. It is a type of municipal bond that allows the County to take advantage of lower interest rates, thereby reducing the cost of borrowing. The purpose of Travis Texas Order Refunding Bonds is to replace outstanding bonds that carry higher interest rates with new bonds that have lower rates. This allows the County to save money by reducing the interest payments it has to make over the life of the bond. There are two main types of Travis Texas Order Refunding Bonds: current refunding bonds and advance refunding bonds. 1. Current refunding bonds: These bonds are issued when the outstanding higher interest rate bonds are within 90 days of their call or redemption date. The proceeds from the new bonds are used to directly replace the old bonds, resulting in immediate interest cost savings. 2. Advance refunding bonds: These bonds are issued when the outstanding higher interest rate bonds are more than 90 days away from their call or redemption date. The proceeds from the new bonds are typically invested in a government bond escrow account until the call date of the old bonds. This allows the County to take advantage of lower interest rates in the future and lock in savings. Investors who purchase Travis Texas Order Refunding Bonds are essentially loaning money to the County. In return, they receive regular interest payments throughout the life of the bond, and the principal amount is repaid at maturity. These bonds are typically considered low-risk investments due to the backing of the County's taxing authority. Travis Texas Order Refunding Bonds are typically sold through public offerings, allowing individuals, institutions, and other entities to invest in the County's infrastructure and development plans. The proceeds from the bond sales contribute to various public projects, such as building schools, roads, bridges, and other essential public facilities. In summary, Travis Texas Order Refunding Bonds are a financial tool utilized by Travis County, Texas, to refinance existing debt obligations at lower interest rates, saving the County money over time. The two main types of these bonds are current refunding bonds and advance refunding bonds, each serving a specific purpose based on the timeline of old bonds' call or redemption date. Investing in these bonds helps support the County's public projects and infrastructure development.

Travis Texas Order Refunding Bond is a financial instrument issued by the Travis County government in Texas, aimed at refinancing existing debt obligations. It is a type of municipal bond that allows the County to take advantage of lower interest rates, thereby reducing the cost of borrowing. The purpose of Travis Texas Order Refunding Bonds is to replace outstanding bonds that carry higher interest rates with new bonds that have lower rates. This allows the County to save money by reducing the interest payments it has to make over the life of the bond. There are two main types of Travis Texas Order Refunding Bonds: current refunding bonds and advance refunding bonds. 1. Current refunding bonds: These bonds are issued when the outstanding higher interest rate bonds are within 90 days of their call or redemption date. The proceeds from the new bonds are used to directly replace the old bonds, resulting in immediate interest cost savings. 2. Advance refunding bonds: These bonds are issued when the outstanding higher interest rate bonds are more than 90 days away from their call or redemption date. The proceeds from the new bonds are typically invested in a government bond escrow account until the call date of the old bonds. This allows the County to take advantage of lower interest rates in the future and lock in savings. Investors who purchase Travis Texas Order Refunding Bonds are essentially loaning money to the County. In return, they receive regular interest payments throughout the life of the bond, and the principal amount is repaid at maturity. These bonds are typically considered low-risk investments due to the backing of the County's taxing authority. Travis Texas Order Refunding Bonds are typically sold through public offerings, allowing individuals, institutions, and other entities to invest in the County's infrastructure and development plans. The proceeds from the bond sales contribute to various public projects, such as building schools, roads, bridges, and other essential public facilities. In summary, Travis Texas Order Refunding Bonds are a financial tool utilized by Travis County, Texas, to refinance existing debt obligations at lower interest rates, saving the County money over time. The two main types of these bonds are current refunding bonds and advance refunding bonds, each serving a specific purpose based on the timeline of old bonds' call or redemption date. Investing in these bonds helps support the County's public projects and infrastructure development.