Encyclopedia
Issuer of government (municipal) securities
The issuer of government (municipal) securities is the respective executive bodies of state authority and local administrations, which issue securities on behalf of a public-law entity and bear obligations to holders of securities regarding the implementation of rights established by such securities1.
Budget Code of the Russian Federation dated 31.07.1998, as amended on 2019-08-02, Article 121.1, paragraph 4 // RSZ RF. 1998. No. 31. Art. 3823. ↩