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Proposition 3, the Children's Hospital Bond Act of 2008, is a law that was enacted by California voters by means of the initiative process. It is a bond issue that authorizes $980 million in bonds, to be repaid from state's General Fund, to fund the construction, expansion, remodeling, renovation, furnishing and equipping of children's hospitals.
Deferred financing costs or debt issuance costs is an accounting concept meaning costs associated with issuing debt (loans and bonds), such as various fees and commissions paid to investment banks, law firms, auditors, regulators, and so on. Since these payments do not generate future benefits, they are treated as a contra debt account.
Original Issue Discount (OID) is a type of interest that is not payable as it accrues. OID is normally created when a debt , usually a bond , is issued at a discount . In effect, selling a bond at a discount converts stated principal into a return on investment, or interest.
Named after its legislative sponsors, the Marks-Roos Local Bond Pooling Act (California Government Code §6584-6599.1) is a law enacted by the California Legislature in 1985. [ 1 ] [ 2 ] The main purpose of this statute is to allow local California governments to work together to get financing in a way that will conceivably lower borrowing costs.
The Legislature made all other bond measures — aside from the mental health treatment initiative — two-year bills, meaning they could be considered this year. It is unclear whether this was an ...
The proposition authorized the issuance of $10 billion in state general obligation bonds for repair, upgrade, and construction of facilities at K–12 public schools and community colleges; this also includes charter schools throughout the state of California. [3] The proposition also allowed for the authorization of the following: [3]
The full cost of the JPS bond program, which will pay for a brand new hospital, psychiatric emergency center and more, will cost $2.1 billion, consultants working with the hospital said Thursday.
The U.S. corporate bond market is set to break new issuance records as borrowers take advantage of lower financing costs than last year and investors, emboldened by the prospect of an economic ...