000			01170pab a2200193 454500
008			180718b2001 xxu||||| |||| 00| 0 eng d
100			_aSimonsen, Bill
245			_aThe influence of jurisdiction size and sale type on municipal bond interest rates: an empirical analysis
260			_c2001
300			_ap.709-17
362			_aNov-Dec
520			_aThe authors use data on municipal bond sales in Oregon from 1994 to 1997 to explore whether population (as a proxy for financial-management capacity) and sale type (competitive or negotiated sale) influence interest rates. They find that smaller jurisdictions pay an interest cost penalty in the municipal bond market, and that competitive sales result in significantly lower interest rates compared to negotiated sales. The authors suggest that measures to enhance the financial-management capacity of small governments are warranted and that state laws requiring justification for negotiated sales are appropriate. - Reproduced
650			_aMunicipal bonds
650			_aLocal finance
700			_aHelgerson, Lee
700			_aRobbins, Mark D.
773			_aPublic Administration Review
909			_a50803
999			_c50803 _d50803