Ad-Hoc Group Proposes Legislation To Allow Issuers to Use Swaps, Hedges

Watts, Jim
February 2007
Bond Buyer;2/15/2007, Vol. 359 Issue 32568, p5
Trade Publication
The article provides updates on the request of an ad-hoc group to use financial products in Texas. The ad-hoc group of financial advisers, bond attorneys and investment bankers is asking legislation that would clear the way for local government in the state to use interest-rate swaps and hedging instruments. It has been reported that the legislation is narrowly focused so that it covers only financial products and does not affect disclosure or other elements of municipal debt.


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