100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
CPFO DEBT EXAM QUESTIONS AND VERIFIED ANSWERS $12.99   Add to cart

Exam (elaborations)

CPFO DEBT EXAM QUESTIONS AND VERIFIED ANSWERS

 6 views  0 purchase
  • Course
  • CPFO DEBT
  • Institution
  • CPFO DEBT

CPFO DEBT EXAM QUESTIONS AND VERIFIED ANSWERS....

Preview 3 out of 25  pages

  • November 10, 2024
  • 25
  • 2024/2025
  • Exam (elaborations)
  • Unknown
  • CPFO DEBT
  • CPFO DEBT
avatar-seller
luzlinkuz
CPFO DEBT EXAM QUESTIONS AND
VERIFIED ANSWERS
Tax-increment Financing Bonds - ANSWER Issued to promote revitalization
of a given geographic area
- Debt is paid from the increase in property taxes generated from increased
assessed values
- Can be risky


Bond Covenants - ANSWER Promises a government makes about paying for
the bond.
Usually includes
- Rate covenants
- Additional bond test
- Operation and maintenance requirements
May be required to have a debt service reserve fund and/or bond insurance


Limited Tax Government Obligation Bond - ANSWER Sold when debt limits
become an issue.
Government pledges property tax up to an amount or secures the bond with
available general fund revenues


Liquidity Facility - ANSWER short-term financing option like a letter of credit


Capital Improvement Plan - ANSWER A plan, adopted by the board, that
identifies projects to be funded, funding sources, and project expenditures over
time.

,Private-Activity Bonds - ANSWER Bonds for which:


1. Greater than 10% of the proceeds will are used by a private entity or will
finance facilities to be used by private entity and


2. Payment of the principle of or interest on more than 10% of the balance will
be paid from or secured by private sources


Exempt Facility Bonds - ANSWER A type of private activity bond that is tax-
exempt


95% or more of the net proceeds are used to finance a facility, and use of the
facility must be available on a regular basis for general public use


Qualified 501(c)(3) Bonds - ANSWER A type of tax exempt private - activity
bond


Issued for projects of 501 @c@3 non-profit organizations such as educational
or healthcare facilities


General Obligation Bonds - ANSWER Bonds used to finance government
improvements that benefit the community as a whole


Secured by the full faith and credit and taxing authority of the issuer


Revenue Bonds - ANSWER Bonds issued to finance facilities that have a
definable user or revenue base

, Secured by a special source of funds: 1) operations of the project being financed
or 2) a dedicated revenue stream


Double-barreled bonds - ANSWER Bonds which are secured by both a
dedicated revenue stream as well as a government taxing power


Special Assessment/Special Improvement District Bonds - ANS Bonds issued
to finance improvements that benefit a specific area


Certificates of Participation (COPs) - ANS Lease-purchase agreements where
the government leases an asset over a specified time with a predetermined cost
sufficient to cover principal and interest; the lesser identifies investors to find
the asset and the investors' interest is tax-exempt


Variable-rate Instruments - ANSWER Bonds that are structured with
maturities as long as an issuer's fixed rate (example, 20-30 years), but where
interest is adjusted daily, weekly, or at some other interval


Variable Demand Rate Obligations (VRDO) - ANSWER The debt instruments
are long-term in maturity but with a coupon interest rate that is periodically
reset. The instruments include a demand or "put" feature that allows the investor
to require the repayment of debt at the time of reset or at other intervals. Issuers
normally will also buy a liquidity facility to offset the risk of use of the put
feature.


Auction Rate Securities - ANSWER Variable rate securities where the interest-
rate is reset periodically using a Dutch auction process.


Dutch auction ANS May be used with variable rate securities, investors submit
the interest-rate they require to continue to hold or to purchase securities to an

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller luzlinkuz. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $12.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

72042 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.99
  • (0)
  Add to cart