The California Debt Advisory Commission at the end of the month is expected to publish its first leasing guidelines, laying out some strong advice for the state's hundreds of municipal issuers and its multibillion dollar lease industry on how to avoid public controversies.

Judging by the response to the commission's draft guidelines, which have been circulating for weeks, the publication could be a best seller in the municipal market, according to Steve Shea of the commission.

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