Abstract: Systems and methods are provided for creating and managing securities backed by assets from a variety of municipal jurisdictions. A cash flow determination module within a computing system receives cash flow information indicative of cash flows associated with a plurality of municipal securities. The plurality of municipal securities is associated with a plurality of municipal jurisdictions. A tranche requirements determination module within the computing system creates an investment program based on the cash flow information. An asset structuring module within the computing system causes the investment program to be provided to a multi jurisdictional municipal bond issuer, where the multi jurisdictional municipal bond issuer is authorized to issue municipal bonds for the plurality of securities associated with the plurality of jurisdictions.