General Obligation Bonds DHCD 703-246-6500
Eligibility Real Example Type of Incentive Provided Under Authorizing Entity Contact
Public-purpose elements in a revitalization project 1988 revitalization bond issue Financial   Fairfax County 703-246-6500
  • Bonds issued by the Fairfax County
  • Requires new bond referendum approved by county voters, which could be scheduled as early as 2006
  • Lowest possible tax-free interest rate ensured because of the County's AAA credit rating for 30 years
  • Necessitates documenting requests for specific revitalization projects and resulting returns on investment
  • Bonds must be sold within eight years of the referendum (with a possible two-year extension) or the referendum authority lapses
  • Bond resources can only be used to finance public purpose elements in a revitalization project.

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