Exam (elaborations)
CMFO - Local Bond Law Exam with Complete Solutions
- Course
- Institution
The local bond law authorizes a local unit to pay any and all bonds and notes issued by it. The limit is: - ANSWER-Unlimited Debt limit for a municipality - ANSWER-3.5% BANs must fully mature no later than - ANSWER-The 1st day of the 5th month following the close of the 10th fiscal year Wh...
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