North Dakota Bonds (North Dakota Municipal Bonds)

By: EconomyWatch Content   Date: 5 November 2009

About The Author

EconomyWatch Content

Follow The Money

EconomyWatch, Content Team

 

  • Dot Div
  •      

North Dakota bonds are exempted from tax if these are issued by local and state governments. However, it is important to find out how safe these bonds are before you invest in them.

North Dakota Bonds: Property-Casualty Insurers

North Dakota local and state governments depend mainly on property-casualty insurers for capital. These insurers invest in public projects, such as water management, pollution control and hospital and housing construction. They also invest in general obligation bonds that are used to fund ongoing government operations. According to an analysis by A.M. Best, property-casualty insurers held $727.4 million (21% of the outstanding debt) municipal bonds in 2007, in the state.

North Dakota Bonds: North Dakota Municipal Bond Conduit Authorities

The North Dakota Municipal Bond Conduit Authorities are:

North Dakota Industrial Commission – The aim of this state conduit municipal bond issuer is to facilitate economic development and protect the correlative rights of landowners.

North Dakota Public Finance - It is a self-supporting state agency that aims at helping municipalities that seek capital by issuing municipal securities.

North Dakota Municipal Bonds: Popular Funds

Here are some of the popular municipal bond funds in North Dakota:

  • North Dakota St Mun Bd Bk St Revolving Fd Prog-ser A

  • Ward Cnty N D Health Care Fac Trinity Obligated Group

  • Grand Forks N D Swr Rev Ref-reserve-ser B

  • Fargo North Dakota Refunding And Improvement Series C

  • Williston North Dakota Sales Tax Revenue

North Dakota Municipal Bonds: How Safe are They?

To evaluate how safe it is to invest in North Dakota bonds, it is ideal to know the financial condition of the issuers. You can go to the Municipal Securities Rulemaking Board's Electronic Municipal Market Access (EMMA) portal to check whether the issuer is able to meet its financial obligations. Issuers also reveal their financial condition on EMM.

You can also analyze the credit rating of the issuer. Fitch Ratings, Standard & Poor’s and Moody’s Investors Service are rating agencies that grade various municipal bonds. Through bond ratings, investors can evaluate the ability of the issuers to repay the face value of bonds at maturity.

Many brokerage firms and banks also have separate departments for conducting research on municipal bond.


  • Dot Div
  •      

Most Popular in Municipal

Related Links
blog comments powered by Disqus