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Innovative uses for municipal investment contracts
1Municipal Securities Division, at Ziegler Securities, Chicago, IL, USA.
Journal of Health Care Finance
|January 1, 1994
Abstract:
This article describes the benefits of using municipal investment contracts for the reinvestment of municipal bond proceeds. It shows how municipal investment contracts may be structured to meet a borrower's objectives of liquidity, security, and maximization of investment yield. Several examples show how a custom-tailored municipal investment contract may achieve results unobtainable through traditional investment vehicles.