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Which of the following is a characteristic of term bonds issued by SLGs? a. Both principal and interest payments are due during the life of
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Which of the following is a characteristic of term bonds issued by SLGs?
a. Both principal and interest payments are due during the life of the bond
b. All term bond proceeds are required to be reported in capital project funds
c. No principal payments are made until the bond mature
d. Principal payments are due every year; interest is due only when the bond matures
2. Which of the following is one of the two types of bond refunding arrangements?
a. | Temporary refunding | |
b. | Advance refunding | |
c. | Permanent refunding | |
d. | BAN refunding |
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