Laserfiche WebLink
described above, since political subdivisions of the state with bond issuing authority can st[Il <br />issue bonds secured by payments from another political subdivision made under a lease <br />purchase agreement, and that such payments are payments for bonds of another political <br />subdivision and thus outside the levy limits described above. We do understand, however, <br />that the statutory requirement for a non-appropriation clause in municipal lease-purchase <br />agreements governed by the Act present a credit question for persons investing in bonds <br />secured by payments under such lease purchase agreements. This is a problem we are <br />attempting to deal with the assistance of specialists in the area of marketing municipal <br />securities. <br /> <br />We appreciate your attention in this matter and anticipate your response. If you require <br />additional information or discussion, please call me at the telephone number indicated <br />above. <br /> <br />Very truly yours, <br /> <br />Mary Frances Skala <br /> <br />MFS:caw <br /> <br />Enclosure <br /> <br /> <br />