Financial due diligence is undertaken by the selected underwriter, and legal requirements are performed by the bond

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Financial due diligence is undertaken by the selected underwriter, and legal requirements are performed by the bond counsel; conservative forecasts and legal disclaimers are outlined; the developer, underwriter, outside consultants, and bond counsel ensure that revenues and expenses are in line with the prospective COPs or COs issuance and the subsequent Official Statement; LO.1 

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