3.6 Unique Public Agency Financing to Address Legal Constraints

3.6 Unique Public Agency Financing to Address Legal Constraints

Certain debt obligations were created to address potential hurdles California public agencies may face in issuing debt. As discussed below, financing leases, installment sale agreements, COPs, and JPA bonds have the potential for use when a public agency lacks statutory ability to issue debt. These legal structures also enable public agencies to work within statutory and constitutional debt limitations.