Remember acrostic OB Drs 1. Operation and maintenance fund 2. Bond service account for principal and interest 3. Debt service reserve fund or sinking fund 4. Reserve maintenance fund - renewal and replacement (irregular basis) 5. Surplus fund or general fund

Municipal Bond Basics Flashcards by Tim Weidllich

Net Revenue Pledge

Remember acrostic OB Drs

Operation and maintenance fund
Bond service account for principal and interest
Debt service reserve fund or sinking fund
Reserve maintenance fund - renewal and replacement (irregular basis)
Surplus fund or general fund

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Municipal Bond Basics Flashcards

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