COPs an Issue in Georgia

DeSue, Tedra
April 2004
Bond Buyer;4/8/2004, Vol. 348 Issue 31859, p1
Trade Publication
Reports that the Georgia Supreme Court is reviewing the legality of certificates of participation (COP) as a debt instrument in reference to the sale of COP by Jackson County. Implications of the Supreme Court ruling on the Gwinnett County School District's issuance of COP; Growth of student population at Gwinnett County; Failure of the special purpose local option sales tax revenue to support the district's capital improvements; Reason why the school board members decided to issue COP instead of general obligation bonds.


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