Independent Verification Statement for Los Angeles County MTA and Climate Bonds Standard Board

First Environment, Inc. conducted a pre-issuance verification of the LACMTA's Proposition A First Tier Senior Sales Tax Revenue Bonds, Series 2017-A (Green Bonds) between August 14 and October 2, 2017. The verification assessed the bonds against the Climate Bonds Standard Version 2.1 and the Low Carbon Land Transport sector criteria Version 1.0. The verifier concluded that the bonds, intended to fund public transport rail infrastructure, conform in all material respects to the required standards.

• The Proposition A First Tier Senior Sales Tax Revenue Bonds, Series 2017-A (Green Bonds) are intended to fund public transport rail infrastructure and were verified to conform, in all material respects, with the pre-issuance requirements of the Climate Bonds Standard 2.1 and the Low Carbon Land Transport sector criteria (version 1.0).
• The verification process was conducted by First Environment, Inc. from August 14 through October 2, 2017, utilizing a 'Limited Level of Assurance'.
• The verification adhered to specific standards and ethics, including the Climate Bonds Standard Assurance Framework (Oct. 5, 2016), ISAE 3000, and ISO 14065 principles of integrity, objectivity, professional competence, confidentiality, and professional behavior.
• Materiality for the verification was defined as any qualitative non-conformities with the Climate Bonds Standard or related Sector-specific criteria, or quantitative misstatements exceeding five percent of the numeric sector-specific criteria.

APA

Climate Bonds Initiative (2017). Independent Verification Statement for Los Angeles County MTA and Climate Bonds Standard Board. https://www.climatebonds.net/files/drupal-files/files/LA%20MTA%20Verification%20Statement.pdf

Chicago

Climate Bonds Initiative. Independent Verification Statement for Los Angeles County MTA and Climate Bonds Standard Board. 2017. https://www.climatebonds.net/files/drupal-files/files/LA%20MTA%20Verification%20Statement.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Independent Verification Statement for Los Angeles County MTA and Climate Bonds Standard Board |date=2 October 2017 |url=https://www.climatebonds.net/files/drupal-files/files/LA%20MTA%20Verification%20Statement.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2017independent, author = {{Climate Bonds Initiative}}, title = {{Independent Verification Statement for Los Angeles County MTA and Climate Bonds Standard Board}}, institution = {Climate Bonds Initiative}, year = {2017}, month = oct, url = {https://www.climatebonds.net/files/drupal-files/files/LA%20MTA%20Verification%20Statement.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }