ORLANDO -- The leasing industry will have a negative public image as long as it continues to support controversial lease financings used to replace proposed bond issues that have been rejected by voters, a major lease dealer warned last week.

"The question for our industry is whether we will pursue these deals which I think create an extremely poor public perception of the industry," said David Smith, president of Bell Atlantic Tricon Government Finance Inc. in Bloomington, Minn. at the Association for Governmental Leasing and Finance's first "Ethics in Leasing" session.

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