Sekurytyzacja jako forma finansowania jednostek samorządu terytorialnego
SECURITIZATION AS A METHOD OF FINANCING LOCAL GOVERNMENT UNITS

Summary/Abstract: This article presents a process of securitization, from a point of view of a local government, the initiator of the process. Securitization is a method of local governments units refinancing based on the use of assets. In Polish legal system there are basically two normative acts which provisions refers to the issue of securitization; the act on investment found and the Banking Law Act. Those acts do not regulate a securitization process as a whole. Securitization as a method of financing of local government units have many benefits. A process of securitization has been discussed as well as a cost of such a process of refinancing. The local governments should take into consideration advantages and disadvantages of this process.

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