If the bond money is going to be used for buses, how would the repayment be structured under a 30 year payback if you are noting it would be on a 10 year loan? Would the buses be financed outside of the bond? If no, how will repayment be tracked to show those funds were paid off within the 10 year window?
A:
A single general obligation (GO) bond issue can have multiple purposes and different maturities, often structured as a series of bonds with staggered maturity dates, known as...
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