bond-basics

Feasibility Study

A report, which may appear as an exhibit to (or be referred to in) an Offering Document, analyzing the economic viability and future prospects of, and/or demand for, a particular project. The report may contain estimates of revenues, projected budgets and cash flow modeling, as well as narrative analysis as to the demand for the facility, engineering issues, market forces, risks and other items of interest to potential investors.


See Also

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. 

Hudson Yards Rail Yards

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Bond Counsel Opinion

A written opinion of nationally recognized bond counsel, delivered to the issuer at the closing, addressing the validity of the bonds and whether and to what extent interest on the bonds is exempt from federal income taxes and from income or other taxes, if any, imposed by the state.