The Gradual Then Sudden Rise of Municipal Gas & Electric Prepay Bonds
A Market Hiding in Plain Sight The modern municipal prepay bond originated from laws passed in Louisiana during the 1980s.i What began as a specialized financing method for public utilities has evolved into a substantial component of the tax-exempt market. 1994 was a key turning point. In December, the City of Clarksville’s Natural Gas Acquisition […]
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