Lucas Christiansen

Local Government

What are Certificates of Obligation & Who is Using Them?

The Certificates of Obligation Act of 1971 allows some governmental entities—like cities, counties, and certain special districts—to issue debt without voter approval to fund any public project. More specifically, certificates of obligation (COs) can be used “to fund the construction, demolition, or restoration of structures; purchase materials, supplies, equipment, machinery, buildings, land and rights of...

January 22, 2019