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Reconciling Muni Direct Loans With Securities Laws

Law360, New York (June 13, 2012, 1:11 PM EDT) -- Traditional public municipal bond offerings have steadily declined over the past several years.[1] Volume was down by as much as 32 percent in 2011 compared to 2010.[2] At the same time, alternative financing methods, such as direct bank loans to municipalities, appear to have grown dramatically in popularity.[3]...

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