The issuance of long-term debt can take many forms: general obligation bonds, revenue bonds, certificates of participation, etc. These financial instruments often require specialized services which the Municipal and Financial Services Group can provide on short notice, with quick turnaround:
- Mathematical verifications, for refundings or defeasances.
- Arbitrage compliance reviews as required by the Tax Reform Act of 1986.
- Parity tests, revenue adequacy tests and other calculations required by bond covenants.