Land Use & Zoning
In Colorado, a 'general obligation bond' for a public improvement project is:
AA. Repaid through specific fees charged to users of the improvement
BB. Repaid through general property taxes levied on all taxable property within the jurisdiction, pledging the full faith and credit of the government✓ Correct
CC. Issued by private developers
DD. Guaranteed by the federal government
Explanation
A general obligation (GO) bond is a government-issued bond backed by the full taxing power of the issuing entity. It is repaid through property taxes levied on all taxable property in the jurisdiction. Colorado voters typically must approve GO bond issuances. This is distinct from revenue bonds (repaid by user fees) or special assessment bonds.
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