bond-basics

Net Proceeds

Proceeds of the Bonds minus amounts used to fund a Reasonably Required Reserve or Replacement Fund.

Preparing Bonds

Learn about over various terms and concepts that may arise while preparing a bond issue.

Hudson Yards Rail Yards

Start with the Bond Basics

Volume Cap

A requirement contained in Section 146 of the Code that private activity bonds (PAB) (with certain exceptions) issued as tax-exempt bonds obtain an allocation of volume cap from the state in which the project is located prior to the issuance of the bonds.