State or municipal bonds that are backed by the full faith and credit of the issuer.
Bonds that the state stands behind with its taxing powers. (House Fiscal Analysis Department)
The interest and principal payments for a municipal bond are typically either guaranteed by the issuer or by the revenue from a specific project. If they are guaranteed by a specific project, the bondholder is relying on revenue from the project to pay principal and interest, and the bonds are known as revenue bonds. If the issuer guarantees the repayment of principal and interest, the bonds are known as a general obligation (often referred to as G.O.) of the issuer.
Statewide bond issues that are secured by an unconditional pledge of the full faith, credit and taxing power of the state.
Debt instruments issued by states and local governments to raise funds for public works and capital expenditures. These bonds are backed by the full faith and credit of the issuing municipality. This means that the municipality will uses its full resources to repay bondholders, including general taxation, and the ability to raise more funding through credit. Voter approval is required to issue a general obligation bond. The State of Minnesota has used general obligation bonds to help pay for Head Start and other early childhood learning facilities.
Are securities issued by municipalities. The source of revenue to pay the interest and principal is taxes. These securities are also known as full faith and credit issues because they depend on the municipality's capacity to tax. These issues are often considered to be more stable than Revenue Bonds.
Municipal securities secured by the issuer's pledge of its full faith, credit, and taxing power.
Bonds for the payment of which the full faith and credit of the issuing government are pledged.
Public improvement bonds to be paid from property taxes.
General Obligation bonds (GOs) are backed by a pledge of the issuer's full faith and credit with the timely payment of principal and interest secured by the issuer's taxing power.
When a government pledges its full faith and credit to the repayment of the bonds it issues, then those bonds are general obligation (GO) bonds. Sometimes the term is used to refer to bonds which are to be repaid from taxes and other general revenues.
Tax-exempt municipal bonds owned and backed by the full faith and credit of the city which owns the housing project.
Securities issued by states and municipalities which are secured by the full faith and credit, hence, taxing power, of the issuer.