2. Its fixed asset financing authority is a legally separate government that leases equipment to the city. To finance the equipment, the authority issues bonds that are guaranteed by the city and...

2. Its fixed asset financing authority is a legally separate government that leases equipment to the city. To finance the equipment, the authority issues bonds that are guaranteed by the city and expected to be paid from the rents received from the city. The authority leases equipment exclusively to the city.

3. Its housing authority, which provides loans to low-income families within the city, is governed by a 5-person board appointed by the city’s mayor.