GFOA Exam CPFO Topic 8 Question 83 Discussion

Actual exam question for GFOA's CPFO exam

Question #: 83
Topic #: 8

[All CPFO Questions]

The _____________

1. Renders an opinion as to whether the bonds are tax exempt.

2. Deter-mines whether a governments has legal authority to issue the bonds.

3. Drafts the bonds resolution the ordinance, and notice of election; and

4. Reviews the bidding information given to underwriter.

AUnderwriter syndicate

BBond counsel

CFinancial adviser

DNone of these

Show Suggested Answer

Suggested Answer: B

by Jennie at Mar 19, 2024, 04:52 PM

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Miriam

6 months ago

You're right, Yen. It must be either B) Bond counsel or C) Financial adviser then.

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Yen

7 months ago

I think it's not D) None of these because someone has to perform these duties related to bond issuance.

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Lanie

7 months ago

That's possible too, Miriam. Financial advisers provide guidance on financial aspects of bond issuance.

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Miriam

7 months ago

I'm not sure about that. I think it might be C) Financial adviser.

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Yen

7 months ago

I agree with you, Lanie. Bond counsel deals with legal matters related to bond issuance.

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Lanie

7 months ago

I think the answer is B) Bond counsel.

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Blair

7 months ago

So, would it be fair to say that none of these roles can perform all the tasks mentioned in the question?

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Ronnie

7 months ago

Financial adviser plays a role in drafting the bonds resolution and reviewing bidding information.

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Vincent

8 months ago

I agree, bond counsel also ensures the government has the legal authority to issue the bonds.

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Elliott

8 months ago

Bond counsel is responsible for determining if the bonds are tax exempt.

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