Offering Document
The document prepared by, or for, the Issuer and distributed to investors to provide disclosure with respect to one or more issues of bonds.
bond-basics
Facsimile Signature
A copy of an authorized officer’s signature which is reproduced on the Bonds or in the Offering Document. Sometimes an Issuer’s seal may also be reproduced as a facsimile; the relevant procedures for ensuring the authenticity of the facsimile seal are set out in the applicable state law.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
120% Rule
Rule outlined in Section 147(b) of the code that states private activity bonds are not tax-exempt bonds if the weighted average maturity of the bond issue exceeds 120% of the average reasonably expected economic useful life of the facilities financed with the bond proceeds.