Author Question: Which of the following arguments is made by those who oppose the use of general obligation bonds? ... (Read 84 times)

melina_rosy · **on:** Jul 8, 2018

Which of the following arguments is made by those who oppose the use of general obligation bonds?

A) They can double the cost of a construction project.
B) The state does not have enough money to lend to charities, even if they are worthwhile. C) The state should not be in the business of loaning money to risky business ventures. D) They cannot be used for construction projects, yet that is where the greatest need exists.
E) All of the above

Question 2

Amendments to the Texas Constitution that allow the state to borrow money to pay for construction projects and to repay the loan with tax revenue are known as

A) certificates of debit. B) general obligation bonds. C) deficit budget notes. D) borrowing amendments. E) stock certificates.