Governmental (Purpose) Bonds
Bonds issued by an issuer to finance all or a portion of its own project and that do not satisfy both the Private Business Tests and the Private Loan Financing Test.

Bonds issued by an issuer to finance all or a portion of its own project and that do not satisfy both the Private Business Tests and the Private Loan Financing Test.
The Bond Basics is a one-stop-shop for answers to your various municipal bond questions. This resource is intended to provide certain foundational information to serve as a resource for those beginning their work in the legal aspects of public finance (“Novices”) as well as more experienced professionals who, from time to time, would like to get back to the basics.
Start your journey with the Bond Basics here!
Background and primers on various topics to help you understand the lay of the land.
Core concepts that will likely come up during the transaction.
Considerations on specific areas of law that may intersect with the bond transaction.
Access a PDF print version of the Bond Basics dated April 3, 2023.