bond-basics

Special Assessment

A charge imposed against properties in a designated district in respect of special benefits received by those properties from the construction of nearby or adjacent public improvements, separate and apart from the general benefit accruing to the public at large.  State statutes provide for the apportionment of Special Assessments according to the value of the benefit received.  Special Assessments are not Taxes


See Also

Special Tax Bond

Tax-based revenue bonds that are secured by revenues derived from one or more designated taxes levied for a specific purpose, including income taxes, excise taxes (such as taxes on tobacco, alcoholic beverages, fuel, etc.), special assessments, hotel occupancy taxes, sales taxes and limited ad valorem taxes.

Hudson Yards Rail Yards

Start with the Bond Basics

Selling Group Agreement

An agreement sometimes used in addition to an Agreement Among Underwriters when a selling group consists of more entities than just underwriters in a syndicate.