3 resultados para financial timeline 2007-2019

em University of Michigan


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The purpose of the Official Statement Addendum is to set forth the details of sale of the $150,000,000 General Obligation Bonds, Series of April 2007 (the "Bonds"), sold by the State of Illinois (the "State") on April 16, 2007. The Bonds will mature on April 1 of each of the years in the amounts and bearing interest as follows: ... Payment of the principal of the interest on the Bonds naturing on April 1, 2013 through April 1, 2032, inclusive (the "Insured Bonds"), when due, will be guaranteed by a municipal bond insurance policy issued by Financial Guaranty Insurance Company(the "Insurer" or "FGIC") simultaneously with the delivery of the Bonds.

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The following activities are considered ineligible. 1. Construction of buildings, or portions thereof, used predominantly for general conduct of government (e.g. city halls, courthouses, jails, police stations, etc.) 2. General government expenses. 3. Costs of operating and maintaining public facilities and services (e.g. mowing parks and replacing street light bulbs). 4. Servicing or refinancing existing debt.

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Examines the financial status of the various public employee retirement systems in Illinois.