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)

This research study examined 25 economic, demographic and social, financial, governance, and geographic variables in 39 large urban school districts in order to measure the variables' ability to (1) distinguish between school districts that were fiscally stressed and those which were not and (2) predict bond ratings of large urban school…