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.
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.
Blue Gold's vision is comprehensive -- it will cost $5 billion, paid through private investors and citizen bonds with about a quarter of the revenues going to the government.
Description: For issuing affordable general obligation citizen bonds, Winston-Salem is the recipient of the 1994 Technology Achievement Awards for Finance, sponsored by Public Technology, Inc.