NEW Municipal Bond Buying Program Comes to Aid of NJ Municipalities during COVID-19 crisis and beyond
The MEL created the Joint Cash Management and Investment Program (JCMI) to purchase short-term (1 year) Bond Anticipation Notes (BAN) at fair market prices to save towns money and enable the continuation of important local improvement projects such as roads, bridges, equipment, and construction. This new program not only provided relief to our local JIFs it also helped stabilize the bond market.
See the article in the August 2020 edition of the League of Municipalities Magazine.
Download PDF: League of Municipalities JCMI article