Comprehensive Annual Financial Report for the Fiscal Year Ended 1995 Jun 30
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The notes must be redeemed by the end of the fiscal year in which issued -56- The Board of Investments (BOI) of the State of Montana is authorized to issue Municipal Finance Consolidation Act Bonds which may not aggregate more than $50 million The purpose of the bonds is to provide funds for the BOI to make loans to eligible local government units The bonds are not in any w^ay a debt or liability of the State of Montana The bonds are limited obligations of the BOI payable solely from repayments... of principal and interest on loans made by the BOI to participating local government units, investment income under the indenture and an irrevocable pledge by the BOI The BOI has no taxing power. Bondholders may elect to have their bonds purchased by the Trustee on March 1 of each year until maturity These issues are considered to be demand bonds and have been reclassified as short-term debt The amounts issued and outstanding at June 30, 1995, are as follows (in thousands): Series 1988 1991 1992 1994 Amount Issued $ 5,000 5,000 6,500 7,500 Balance June 30, 1995 $ 910 4,890 6,365 7,415 TOTAL C.
What to read after Comprehensive Annual Financial Report for the Fiscal Year Ended 1995 Jun 30?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Dept. of Administration. Accounting Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The notes must be redeemed by the end of the fiscal year in which issued -56- The Board of Investments (BOI) of the State of Montana is authorized to issue Municipal Finance Consolidation Act Bonds which may not aggregate more than $50 million The purpose of the bonds is to provide funds for the BOI to make loans to eligible local government units The bonds are not in any w^ay a debt or liability of the State of Montana The bonds are limited obligations of the BOI payable solely from repayments... of principal and interest on loans made by the BOI to participating local government units, investment income under the indenture and an irrevocable pledge by the BOI The BOI has no taxing power. Bondholders may elect to have their bonds purchased by the Trustee on March 1 of each year until maturity These issues are considered to be demand bonds and have been reclassified as short-term debt The amounts issued and outstanding at June 30, 1995, are as follows (in thousands): Series 1988 1991 1992 1994 Amount Issued $ 5,000 5,000 6,500 7,500 Balance June 30, 1995 $ 910 4,890 6,365 7,415 TOTAL C.
What to read after Comprehensive Annual Financial Report for the Fiscal Year Ended 1995 Jun 30?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Dept. of Administration. Accounting Division to read onlineMoreLess
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