SLONs Authorization Extended for California Special Districts
By EsqSocial Corporation 27/10/20
Governor Approves AB 2107 to Allow for Securitized Limited Obligation Notes by Special Districts - Assembly Bill 2107 re-establishes Securitized Limited Obligation Notes, or SLONs, as financing tools for California’s special districts. Prior to AB 2107’s passage, Government Code section 53839 authorized special districts to issue SLONs for the acquisition or improvement of land, facilities or equipment until Dec. 31, 2019. Signed by Gov. Gavin Newsom on Sept. 28, AB 2107 extends that...
By: Best Best & Krieger LLP