Marks-Roos Bond Act borrowings
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Marks-Roos Bond Act borrowings several cities misused the program and some financed risky projects which may result in investor losses by California. Bureau of State Audits.

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Published by The Bureau in Sacramento, Calif. (555 Capitol Mall, Suite 300, Sacramento 95814) .
Written in English

Subjects:

Places:

  • California.

Subjects:

  • Municipal finance -- California.,
  • Municipal bonds -- California.,
  • Debts, Public -- California.

Book details:

Edition Notes

StatementCalifornia State Auditor, Bureau of State Audits.
Classifications
LC ClassificationsHJ9204 .C34 1998
The Physical Object
Pagination84 p. :
Number of Pages84
ID Numbers
Open LibraryOL62194M
LC Control Number99158513

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The Marks-Roos Bond Pooling Act was thus created with the intent of providing a flexible alternative method of financing needed improvements, along with the benefit of reduced borrowing costs through the use of bond pools. The Authority is the joint powers agency (JPA)issuing bonds underthe Matks-Roos Local Bond Pooling Act of for the purposeof acquiring local obligations. (Government Code Secdon , et seq). Marks-Roos Bond Act Borrowings: Several Cities Misused the Program and Some Financed Risky Projects Which May Result in Investor Losses. The Legislature created the Marks-Roos Local Bond Pooling Act (act) in as a flexible tool for local agencies to finance needed capital improvements or other projects benefiting the public. INTRODUCTION The Marks-Roos Local Bond Pooling Act of greatly expanded the financing powers of joint powers authorities (JPAs) by adding Article 4 Local Bond Pooling to the Joint Exercise of Powers provisions of the Government Code .

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