The bonding authority and bond bank concepts have evolved as effective and efficient methods of assisting local education agencies in financing school facility construction and other capital improvement programs. This discussion defines bonding corporations and reviews their historical development, current status, and potential. (TE)

Two major concerns related to large-scale capital outlay are convincing the community of the need for the expenditure and planning for the financing of the project. In an era when the public is resisting increased taxation, school districts must develop a plan of action for soliciting funds and must be able to conduct an effective fund campaign.…