Pension system may be operated by:
A. A single nonprofit or government
B. Multiple organization that share costs
C. Multiple organizations that engage a management agent
D. All of these
The financial adviser:
A. prepares the overall financing plan
B. helps to obtain a rating and market the bonds when the financial adviser also acts as the underwriter
C. Secure and assess the property owners
D. Only AandB
The _____________
1.
Renders an opinion as to whether the bonds are tax exempt.
2.
Deter-mines whether a governments has legal authority to issue the bonds.
3.
Drafts the bonds resolution the ordinance, and notice of election; and
4.
Reviews the bidding information given to underwriter.
A. Underwriter syndicate
B. Bond counsel
C. Financial adviser
D. None of these
_______________ Details the principal steps and the dates by which the bonds will be sold.
A. Bond sale calendar
B. Bond indenture
C. Bond certificate
D. None of these
To issue bonds, a government depends on many specialists including:
A. Consulting engineer
B. Financial adviser
C. Bond counsel
D. All of these
The feasibility study assures investors and rating agencies necessary and fiscally sound. Consulting engineers are compensated in following ways:
A. A lump-sum payment when a project is clearly defined
B. Cost-plus-fixed-fee basis when a project is not
C. A percentage of construction costs, the percentage being based on a scale of civil engineers
D. All of these
There are _________ types of social obligation bonds.
A. Four
B. Three
C. Six
D. None of these
Non-property tax and non-local tax, moral obligation, special assessment and special or limited tax are the types of:
A. Go bonds
B. So bonds
C. Revolving loan funds
D. None of these
Bond proceeds funds capital assets (Known as fixed assets) that typically have useful lives of at least five or six years. These assets include:
A. Utility lines
B. Utility plant construction
C. Recreational facilities
D. All of these
In issuing bonds, Governments usually take following steps EXCEPT:
A. Compensation balance
B. Decision on the advisability of issuing debt
C. How to finance the debt
D. Preparation, selling and administration of repayments.
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