Which of the following are types of bond ordinances?

The correct distinction as types of bond ordinances is "General and Local improvement/assessment ordinances." General ordinances refer to those that provide for the general borrowing of funds through the issuance of bonds for various municipal purposes, such as infrastructure, services, and operational funding. On the other hand, Local improvement or assessment ordinances are specifically related to financing improvements that benefit certain properties, where the costs may be assessed back to those property owners.

Understanding these categories is crucial in municipal finance, as each type of ordinance serves different purposes and has different implications for local governance and budgeting. General ordinances are broad in scope, facilitating overall municipal projects, while local improvement ordinances are targeted and require specific assessments against benefiting properties. This distinction helps municipalities effectively manage their financing strategies for community development and infrastructure projects.