Sworn Construction Statement. One of the documents required by a lender is a sworn construction statement from a building contractor. A sworn statement is an itemized list of all individuals and companies who have provided improvements, materials, or labor toward the construction project. This includes bids from subcontractors and suppliers for all labor and specific materials that go into the construction of the property.
Investment Characteristics. Most commercial paper has a maturity of about 45 days, and most are less than 90 days, although some commercial paper has a maturity of up to 270 days. The terms of the commercial paper is determined by a number of factors. One factor is the market.
Tax-Exempt Advance Refunding Bonds -- Some Basics The 1985 Bonds are comprised of 10 serial bonds ($15,530,000 total) and one term bond ($34,470,000). The serial bonds mature annually between 1987 and 1996 in the amounts shown in Appendix A. The term bond matures on April 1, 2006, but is subject to mandatory annual sinking fund redemptions.