| Deal Description | The City of Oslo, Norway, transferred the net proceeds from this transaction to the City's loan fund. Funds in the loan fund were advanced from time to time to certain revenue-producing municipal enterprises for capital expenditures. The municipal enterprises of the city include a number of revenue-producing enterprises, which are organized under the Municipalities Act with quasi-independent managements responsible to the City Council and Board of Aldermen, the Oslo Harbor Authority, which is organized as a separate legal entity under the law relating to harbor authorities, and three municipal tramway companies, organized as private corporations in which the city owns all or substantially all of the capital shares. |
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