No. 1094 amending resolution no. 1065 which amended resolution no. 1054 regarding the issuance of tax increment revenue refunding bonds

Home Browse Search

U.S. Maritime Administration Small Business Administration - Government National Mortgage Association (GNMA) U.S. Department of Housing & Urban Development (PHA's) - Federal Housing Administration; (2) bonds, notes or other evidences of indebtedness rated "AAA" by Standard & Poor's Corporation and "Aaa" by Moody's Investors Service issued by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation with remaining maturities not exceeding three years; (3) U.S. dollar denominated deposit accounts, federal funds and banker's acceptances with domestic commercial banks which have a rating on their short term certificates of deposit on the date of purchase of "A -1" or "A -1 +" by standard & Poor's and 11P1" by Moody's and maturing no more than 360 days after the date of purchase (ratings on holding companies are not considered as the rating of the bank); (4) commercial paper which is rated at the time of purchase in the single highest classification, "A -1 +" by Standard & Poor's and 11P1" by Moody's Investors Service and which matures not more than 270 days after the date of purchase; (5) investments in a money market fund rated "AAAm" or "AAAm -G" or better by Standard & Poor's Corporation; (6) Pre - refunded municipal obligations defined as follows: any bonds or other obligations of any state of the United States of America or of any agency, instrumentality or local governmental unit of any such state which are not callable at the option of the obligor prior to maturity or as to which irrevocable instructions have been given by the obligor to call on the date specified in the notice; and (A) which are rated, based on the escrow, in the highest rating category of Standard & Poor's Corporation and Moody's Investors -5-