Bond Resolution/Ordinance
The formal authorization to issue the bonds, adopted by the governing body of the issuer.
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Flow of Funds
A term referring to the order of priority of the receipt, deposit, transfer and application of revenues in the funds and accounts created in an Indenture or a Bond Resolution and may also refer to a document prepared by an Underwriter or Municipal Advisor to show the sources and deposits at the Closing.
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Underwriter’s Counsel
An attorney or firm of attorneys engaged to represent the underwriter(s) in connection with the issuance of bonds.