Does anyone have experience in dealing with a Defeased Leveraged Lease to Service Contract (Service Contract lease) Structure [Section 7701(e)(3)]. BofA has presented a proposal where the public agency would lease its assets to a 3rd party. For tax purposes, this transaction would be treated as a sale. A 3rd party investor could then write off the depreciation and interest expense. The public agency would maintain control and management of the leased assets, plus receive up front money. What other vendors provide this, or a similar, type of transaction. Richard Averett, Finance Director, City of San Carlos (CA) (650) 802.4205 fax (650) 802-4106 [EMAIL PROTECTED] --- You are currently subscribed to members as: [email protected] To unsubscribe send a blank email to [EMAIL PROTECTED]
