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29 December, 14:33

Under a bond refunding, the proceeds of a new bond issuance are either deposited in escrow to pay the debt service on the outstanding bonds when due or used to promptly retire previously issued bonds. A. TrueB. False

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  1. 29 December, 14:38
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    The statement is true.

    Explanation:

    As the funds required for the payment of the outstanding bonds are placed in escrow such that the payment of the previous bonds has been made.
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