Page 15 - Moreno Valley 2025 Bonded Debt Summary
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NON-COMMITMENT DEBT
Non-Commitment Debt (also known as Conduit Debt) is a financing
tool utilized by private companies, non-profit organizations and public
authorities that fund projects through the issuance of tax-exempt
debt. Conduit financing generally supports capital improvements
that provide a public benefit. The debt is the responsibility of the
property owner or project developer and the City has no liability for
repayment of the bonds. The City acts as an agent for the property
owners in collecting the special tax assessments and forwarding the
collections to bondholders.
