Many municipalities, school districts and authorities face challenges in finding sources and structuring financings by issuance of debt. Since the credit crisis has dried up the traditional routes, the situation is difficult, but far from dire. To assist solicitors and lenders counsel in navigating the new realities of municipal borrowing, this book presents the applicable legal framework, provides an updated legal analysis, reviews the serious issues that have arisen in the practice and highlights the financial structure and sources available to the public sector.
Summary of Contents:
Turmoil in the Bond Markets | Why Tax Exempt | Complex Transactions, Swaps and Other Long-Term Financing Plans | Bank Loans and Structures | State Bond Banks and Loan Programs | Increased Municipal Sewage Treatment Requirements -- PowerPoint Slides | Challenges in Public School Projects Financing | Investing Public Funds: Legal Aspects of the Current Financial Crisis.
Number of Pages: 284