Citizen Bond

Citizen Bond

A certificateless municipal bond that may be registered and traded on an exchange. A certificateless municipal bond does not issue individual certificates in order to facilitate trade. A citizen bond provides an extra layer of ease by trading on an exchange. Unlike other municipal bonds, many citizen bonds have their prices listed in daily publications.
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In 1997, the Austin City Council created a Citizen Bond Advisory Committee (the committee) of local activists before its upcoming 1998 bond election.
City officials give much of the credit to the Citizen Bond Advisory Committee for not only seeking taxpayer input, but also creating the public support necessary for the impressive 100 percent passage of the bond package.
Interviews were conducted with the superintendent, a member of the citizen bond promotion committee, a newspaper editor, and a banker from four Iowa school districts that held school bond elections in their communities between 1994 and 1998.
By fostering this engagement, smart cities here could further strengthen citizen bonds, allowing citizens and residents to influence decisions and make the cities more liveable, affordable, and sustainable by voicing their opinions through social media tools that are easily and widely accessible to everyone.