The Los Angeles Unified School District's citizen bond
oversight committee questioned on Wednesday how the district is spending voter-approved bond revenue and warned that it might run out of money before all projects are built.
In 1997, the Austin City Council created a Citizen Bond
Advisory Committee (the committee) of local activists before its upcoming 1998 bond election.
The Citizen Bond
program was thereby an unqualified success
5 million into building an elaborate new high school downtown without input from a citizen bond
Since the district's citizen bond
oversight committee voted unanimously against any use of Proposition BB money to fund Belmont, the district has few choices left to get the project under way.
For example, a taxpayer whose federal tax bracket is 31 percent will earn as much net income on a Citizen Bond
A proposed capital plan totaling $300 million new schools will be reviewed by a citizen bond
advisory committee for a potential 2007 bond election.
They are designated Vermont Citizen Bonds
, will be in $1,000 denominations and will be sold only to instate retail purchasers.
29 /PRNewswire/ -- Investors responded enthusiastically Monday to the first issue of tax-exempt Citizen Bonds
offered by the City of Winston-Salem.
5 million Citizen Bonds
issue, approved by the Board of Aldermen Monday, will be offered for investments as small as $1,000, compared to $5,000 minimums that are usually required for municipal bond investments.
Among other things, the Energy Reform improves PEMEX's corporate governance, increases management's execution capacity in investment decisions, allows the company to provide incentives or make modifications to awarded contracts, and stipulates the issuance of citizen bonds
(debt securities which may be acquired by micro-investors and whose return is linked to PEMEX's performance).
The Vermont citizen bonds
now offered will be mini bonds, in $1,000 denominations.