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6.3.6.1. Revenue Bonds: Revc :_ ! _ -:- - _- - • - •-- _ - _ :- _- _ : • = _ without the use of taxes and therefore rely on the revenues collected by the enterprise fund to repay the debt. 6.4.6.1. Fixed vs. Variable Rate Debt: Fi -- - -- - -- - - - -- - - _ . - = -= - - -_ - burden. Variable rate debt can be utilized on a limited basis when the potential advantages of capturing the lowest interest rates available in the current market that outweigh forecasted risks. 6.5.6.1. Variable Rate Debt Obligation (VRDO): Predetermine intervals arc set where the rate can be reset to current market conditions. potentially a less costl - =_ - 5 '- _ _ _. _ _ ' : : 6.6.6.1. Assessment Bonds: The Improvement Bond Act of 1915 (Streets and IIighways Code Section 8500 et seq.) allows the City to i- - ,, • : :_ - - ' -': _-_•: -: •-__ :-- __ hypo to the secure property tax roll of the county. 6.7.6.1. Mello Roos Bonds: the repa -_ _- - - _- - - . .__•: - - -- - -- =- -- a . of the properties within the district. Mello-Roos financed developments might include schools, roads, libraries, police and fire protection stations. This ty:_ - -----3- _ '- legislation in 1982 to authorize this form of financing. 6.8.6.1. General Obligation(CO) Bonds: In Cali .—_ :_ - . _ - : - . backed by the issuer's ability to lc - -:- . _ _ _ __: - -•-_ - _ ___ __: service requirements. 6.9.6.1. Certificate of Participation and Lease Revenue Bonds: Also known as `COP', this security that represents a share of an issuer's lease payment. When a City finances a public facility through a lease-purchase transaction, the interest in that City's lease paymcnt often is assigned to a third party that issues certificates of .4. I2STPJTVf