Which of the following is NOT typically part of the process of issuing municipal bonds?

The process of issuing municipal bonds generally involves several key steps that facilitate the financing of public projects. Debt resolution refers to the formal agreement or plan detailing how the municipality will handle its financial obligations related to the bonds. This is an essential part of the issuance process as it ensures that there is a clear strategy for managing and repaying the debt.

A referendum may be required in certain situations, particularly if the bonds are to be repaid through tax increases or other significant public funding mechanisms. This allows voters to voice their opinion and make a decision regarding key financial commitments.

Legislative body meetings, which can include discussions and approvals by city councils or finance authorities, are also integral to the process. These meetings provide the necessary oversight and governance that must accompany the decision to issue bonds, ensuring that all legal and procedural requirements are met.

In contrast, private investment talks are not typically a standard part of the municipal bond issuance process. While there may be instances where municipalities seek private investment or negotiate with private entities for project financing, this is not a fundamental component of the general steps involved in issuing municipal bonds. The process is primarily focused on public oversight, debt management, and ensuring compliance with applicable laws.