Bond Resolution/Ordinance
The formal authorization to issue the bonds, adopted by the governing body of the issuer.
bond-basics
Flow of Funds
A term referring to the order of priority of the receipt, deposit, transfer and application of revenues in the funds and accounts created in an Indenture or a Bond Resolution and may also refer to a document prepared by an Underwriter or Municipal Advisor to show the sources and deposits at the Closing.
See Also
Start with the Bond Basics
Hundreds of Terms and Concepts
Qualified 501(c)(3) Bonds
The term used in Section 145 of the code to refer to a type of tax-exempt bonds issued as private activity bonds for the benefit of a 501(c)(3) organization.