CMFO - Local Bond Law Questions With Solutions 100% Correct
0 view 0 purchase
Course
CMFO
Institution
CMFO
CMFO - Local Bond Law Questions With
Solutions 100% Correct
Maximum number of annual installments for special assessments 20 years
Vote to introduce by title and approve a bond ordinance Majority of full membership
T/F - The Local Bond Law permits the inclusion of expenses associated witht he ...
CMFO - Local Bond Law Questions With
Solutions 100% Correct
Maximum number of annual installments for special assessments 20 years
Vote to introduce by title and approve a bond ordinance Majority of full membership
T/F - The Local Bond Law permits the inclusion of expenses associated witht he purpose of a
capital project. Some of those expenses are architect's fees, accounting, engineering & inspection
costs. In addition, it is permitted to include the interest on obligations until the end of the fiscal
year in the year of issue. True
Debt installments - No annual installment shall exceed by more than
___________________________ 100% the smallest prior installment
Three exceptions for permitting bonds to be sold at private sale 1,000,000 or less
, CMFO - Local Bond Law Questions With
Solutions 100% Correct
Sold to local school district
No bids at public sale (if private sale is 30 days after or less)
T/F - The requirement regarding the contents for the notice of sale of bonds are; the terms and
conditions of such public sale only False
Bidders for the sale of bonds shall be required to deposit a certified or cashier's check for what
amount? Equal to not less than 2% of the bonds
T/F - The local bond law prohibits the issuance of certain agreements from being authorized as it
relates to the issuance of sale of obligations. One such prohibited agreement addresses the
restriction on the deposit of any moneys received from such sale True
Who is required to file the Annual Debt Statement The CFO
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 UpperClass. 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.
