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.
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.
The document prepared by, or for, the Issuer and distributed to investors to provide disclosure with respect to one or more issues of bonds.
The amount of gross proceeds of a tax-exempt bond issue that may be permanently invested at a materially higher yield than the yield on the tax-exempt bonds equal to the lesser of 5% of the sale proceeds of the bonds or $100,000.