title: Innovative uses for municipal investment contracts.
abstract: 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.
authors.affiliation: Municipal Securities Division, at Ziegler Securities, Chicago, IL, USA.
authors.forename: S D
authors.initials: SD
authors.lastname: Smith
mesh_terms: D002202:Capital Financing / Q000379:methods*; D005377:Financial Management, Hospital / Q000379:methods*; D007449:Investments / Q000191:economics*; D009111:Local Government; D014481:United States