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

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.