Reinstating Advance Refunding Bonds: Investing in Local Communities
This act reinstates the ability to issue advance refunding bonds, allowing local governments and public entities to lower their debt costs. This means public funds can be used more efficiently for local projects, potentially leading to better services and infrastructure for citizens.
Key points
Allows local governments and public entities to refinance existing debts on more favorable terms.
Potentially lowers public debt service costs, freeing up funds for other purposes.
Supports investments in local communities through more efficient financial management.
Expired
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