General Obligation Bonds

This video discusses general obligation bonds, aka "GO Bonds." General obligation bonds are a type of municipal bond that is backed by the full faith and credit of the issuer; namely, the issuer's power to tax. This video also highlights the various subtypes of general obligation bonds, included unlimited-tax and limited-tax general obligation bonds. The video also points out several provisions that affect the value of a general obligation bond, such as the first budget obligation, statutory liens, and tax caps.
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[@ginanjobarahesq.5942]

This was a great explanation. Thank you!

[@jch8376]

Not sure if I understand this . the city uses the fact that it can tax as collateral?

[@jch8376]

The state sells these bonds to individuals? What is the interest payments on these?