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For more than 25 years, California municipalities and developers have successfully partnered to finance public infrastructure and services using the Mello-Roos Community Facilities Act of 1982 (the "Mello-Roos Act"). Under the Mello-Roos Act, local agencies can form community facilities districts ("CFDs") in which special taxes may be levied by the CFD (i) to finance directly the authorized ...
Although it has not been a full-proof indicator, the 100-Week SMA has managed to offer itself as a formidable trend indicator over the past several years.
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