Can I read Allentown 2015 Serial Bond Transactions on EtoBox?
Allentown 2015 Serial Bond Transactions by Muhammad Shahid is a document available to read on EtoBox.
What is Allentown 2015 Serial Bond Transactions about?
On January 1, 2015, Allentown issued $800,000 of 9% serial bonds at par to finance projects. Interest payments of 9% are due semiannually on January 1 and July 1, and $80,000 of principal is due annually on January 1 starting in 2016. A special tax levy funds debt service transfers to the debt service fund as needed. The debt service fund was used to make interest and principal payments until 2026 when remaining funds were transferred back to the special revenue fund.
- Author
- Muhammad Shahid
- Language
- EN