For a municipal revenue bond the opinion rendered by the bond counsel would attest to

Question

Alma

Business

10 September, 04:29

For a municipal revenue bond the opinion rendered by the bond counsel would attest to

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Answers (1)

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Alan Davies · Answer 1

I believe the answer is: the legality of the issue

The bound counsel is the group or individual that is hired by the issuer to act on their behalf during the transaction. The bound counsel's main duty is to make sure that both the issuer and the buyer of the bonds are legally bound to fulfil their obligations after the maturity date.