Economic Development
Economic Development
A local government can issue general obligation bonds – without a vote of the people – to the extent of two-thirds of the amount by which it reduced its general obligation debt in the previous fiscal year. This might not be a lot of money for you, but it might be enough to finish a project, or give one a jump start – especially a project that doesn’t have much collateral value of its own to support an installment financing. We’ve worked on two-thirds bond issues for many clients, including Granville County, Orange County and Chapel Hill. Click here and let us know if you’d like to talk about two-thirds bonds for your community.
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