Schedule J-2
Equity – State/local government Bond
For State and local government applicants intending to satisfy the equity requirement with a general obligation bond, submit an opinion from its legal counsel that the applicant has the authority to issue a general obligation bond in an amount sufficient to meet the minimum equity requirement. If the equity requirement is satisfied with a general obligation bond, the general obligation bond must be pari passu with to the broadband loan.
Amount of General Obligation Bond:___________
Date when funds are available:_________________
Attach:
Legal counsel opinion
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