In his Municipal Law column, Jeffrey D. Friedlander, first assistant corporation counsel of the City of New York, reviews the vehicles through which the city regularly borrows money: general obligation bonds backed by the city's faith and credit; revenue-backed bonds issued by the Transitional Finance Authority or the Municipal Water Finance Authority; and asset-backed bonds issued by Tax Lien Trusts.
Preserving New York City's Finances
New York Law Journal
November 26, 2012
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