Which document would you refer to for the terms of a bond sale?

The appropriate document to refer to for the terms of a bond sale is the Notice of Sale. This document is critical as it outlines the specific conditions under which the bonds will be sold, including the sale date, the amount of bonds being offered, the interest rates, the bidding process, and any required qualifications for bidders. It serves as an official announcement to potential investors and underwriters, providing them with essential information they need to participate in the bond sale.

By effectively detailing the parameters of the sale, the Notice of Sale ensures transparency and fairness in the bidding process, helping to attract a broad array of potential purchasers, which can lead to more favorable financing terms for the municipality. It acts as a guide for what is expected from bidders and clarifies the responsibilities of both the issuer and the purchasers involved in the transaction.