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Subject:  Re: man behind the curtain, and Brightline West Date:  4/20/2021  9:34 PM
Author:  Arindam Number:  36948 of 37017


Not all 'munis' are classic 'munis'. Some are 'special purpose minis- --I don't remember the exact term-- that amount to a municipality backing a private-capital project. Generally, they are high-risk scams better avoided. But I made good money on an Oregon bond that was tied to the Seaside Aquarium. The umbrella title was 'OR State Housing'. But the recipient of funds and payer of prin & coupons was the museum's revenues.

My bet is the light rail bond will be issued as a muni.

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