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What is a State of Oregon General Obligation (GO) bond?

April 26, 2017Bond obligation Oregon State

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What is a State of Oregon General Obligation (GO) bond?

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When an investor buys a GO bond issued by the State of Oregon, the investor is making a loan to the State. GO bonds are backed by the full faith and credit of the State of Oregon. The State uses the money borrowed for a variety of purposes including building college and university classrooms and dorms, funding veteran’s mortgages and financing small scale energy projects.