Bond Resolution/Ordinance
The formal authorization to issue the bonds, adopted by the governing body of the issuer.
bond-basics
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.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Preliminary Official Statement (“POS”)
The type of offering document circulated prior to the determination of the interest rates and certain other terms of the bonds when it is anticipated or known the bonds will be purchased by an underwriter and resold to the public.