Lanterna Rally

Author: Public Financial Management, Inc

Publisher:

Published: 1993

Total Pages: 240

ISBN-13:

This report provides a comprehensive description of the elements of public finance, particularly as they relate to public transit issues. The report is intended to serve as a primer for the staff of the Federal Transit Administration and staffs of transit agencies across the country. The report provides an overview of the public finance market, the economics of the principal market, how the market is regulated, who buys and sells tax-exempt debt and general historical market perspectives, the mechanics of debt financing, lease financing and the FTA role, as well as describing cost reduction techniques for transit financing such as international vendor financing, cross border leasing, turnkey procurement opportunities and joint development.