Bonds which may be issued in the future under the same master indenture, bond resolution/ordinance, and related documentation upon meeting certain conditions designed to ensure that the revenues available to repay the original bonds, any currently outstanding additional bonds, and the proposed additional bonds will be sufficient (the “additional bonds 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.