DENVER -- Lease-purchase financings could be called time bombs because of various risks, but they are gaining greater acceptance among investors, according to speakers at the Government Finance Officers Association's annual meeting here this week.

The financing are threatened by natural disasters, unfavorable court rulings, and poorly structured financings; but at the same time, spreads between them and general obligation bonds have narrowed, said speakers at a session titled "Lease-Purchase Financing: Viable Debt Alternative or Political Time Bomb?"

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