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The Impact of Debt Limitations and Referenda Requirements on the Cost of School District Bond Issues
Peer reviewed
Direct linkHarris, Mary H.; Munley, Vincent G. – Education Finance and Policy, 2011
One distinction between the markets for corporate and municipal bonds involves institutional constraints that apply to some municipal bond issues. This research focuses on how public finance institutions, in particular explicit debt limits and referenda requirements, affect the borrowing cost of individual school district bond issues. The…
Descriptors: Debt (Financial), Bond Issues, School Districts, Costs
