Smith S D
Municipal Securities Division, at Ziegler Securities, Chicago, IL, USA.
J Health Care Finance. 1994 Winter;21(2):45-50.
This article describes the benefits of using municipal investment contracts for the reinvestment of municipal bond proceeds. It shows how municipal investment contracts may be structured to meet a borrower's objectives of liquidity, security, and maximization of investment yield. Several examples show how a custom-tailored municipal investment contract may achieve results unobtainable through traditional investment vehicles.
