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Subject:
Item Title: Making Sense Out of Refunding Bonds - Part II: Current Refunding
Summary:
A current refunding is one where your outstanding bonds are currently callable within the next 90 days. As opposed to an advance refunding (discussed in Part I), with a current refunding you are calling the outstanding bonds within the next 90 days and therefore need to ensure that funds to pay the principal, interest and call premium (if applicable) are available on the call date.

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