Home » Posts tagged with » Public Service of Colorado

Certificates of participation (COPs)

Certificates of participation (COPs) are a kind of municipal debt which can be contracted by cities without voter approval. Courts have ruled that, because of their structure, COPs do not constitute long-term obligations of the issuing authority, and are therefore exempt from state and local laws that require voter approval of long-term debt. COPs were… Continue Reading Certificates of participation (COPs)