WebRefunding Bonds . Generally, § 146(i) provides that current refundings are not subject to the volume cap, as long as the principal amount of the refunding bonds is not greater … WebBond refinancings or “refundings” are used by state and local governments to achieve debt service savings on outstanding bonds. Though less frequent, refunding bonds can also …
Connecticut General Statutes § 7-370c. (2024) - Authority to issue ...
Web(a) The pledging, or the application, use and disposition, of all or any part of the trust receipts, the municipal refunding bonds, and the moneys derived therefrom, of all or any part or account of the Municipal Refunding Trust Fund, including provisions for payments therefrom on account of special obligation bonds in priority to payments on … Webschool facilities construction refunding bonds, 2024 series RRR; and $254.7 million school facilities construction refunding bonds, 2024 series SSS (forward delivery). The outlook is stable for all ratings. The series 2024 RRR and series 2024 SSS bonds are being issued pursuant to the provisions of the EDA's Act of 1974, as amended. scotty\\u0027s bells corners
Refunded Bond Definition - Investopedia
WebAug 17, 2024 · Prohibition of refunding prevents these 'non-refundable bonds' from being redeemed, especially if the funds for redemption are obtained by issuing new bonds with a lower coupon than the bonds being redeemed. However, if the funds for 'refunding' are obtained from other sources eg, asset sales, issuance of equity etc., they can be 'refunded'. WebJan 11, 2024 · Except as otherwise herein provided, all refunding bonds shall be issued in the manner prescribed by and subject to the provisions of K.S.A. 10-116a. (b) Bonds issued under this section shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction, and shall not be subject to the ... WebOct 25, 2024 · A make-whole call provision is a type of call provision on a bond allowing the issuer to pay off remaining debt early. The payment is derived from a formula based on the net present value... scotty\\u0027s beach bar surfside sc