TYPES OF MUNICIPAL BONDS
01.Core Concepts
* Applies to Municipal Bonds issued after August 6, 1986. AMT* Regular Tax* Use Type Exempt Exempt Essential government functions: • roads, schools, facilities Public Purpose Preference Item Exempt Certain private activity bonds & subsidized housing/student bonds Non-Governmental Purpose Bonds Taxable Taxable Private purposes • arbitrage bonds • sports stadiums, convention facilities • air/water pollution control facilities Taxable Preference Item Exempt Finance land acquisition and redevelopment in blighted areas Qualified Redevelopment Bonds