Question 1

State and local bonds can be used to finance private construction and ownership of facilities.

Accepted Answer

A) True 
 B)False

Question 2

What are the most common ratios used to measure debt burden?

Accepted Answer

The ratio of debt payments for

Question 3

Among the major types of investors in municipal bonds, which type has decreased the most over the last 50 years in terms of the percentage of municipal bond debt held?

Accepted Answer

A)  Individuals 
B)  Insurance companies 
C)  Individuals. 
D)  Banking institutions 
A)  Individuals 
B)  Insurance companies 
C)  Individuals. 
D)  Banking institutions

Question 4

Since the 1970s, what was the average, cumulative default rate on public bonds?

Accepted Answer

A)  About 5% 
B)  About 1% 
C)  Less than 0.5% 
D)  Less than 0.1% 
A)  About 5% 
B)  About 1% 
C)  Less than 0.5% 
D)  Less than 0.1%

Question 5

Discuss the role of public-private-partnerships (PPPs) in building public infrastructure and other assets, such as water treatment plants and parking garages. What are the advantages and disadvantages to state, municipal, or special purpose entities such as water authorities in turning to private companies to take over, for a specified concession period or permanently (divestiture), responsibility for building and operating a public facility?

Accepted Answer

The role of public-private-partnerships

Question 6

Which of the following attracts investors to the municipal bond market?

Accepted Answer

A)  Civic pride 
B)  Tax-exempt earnings 
C)  Lower interest rates 
D)  Weaker equity returns 
A)  Civic pride 
B)  Tax-exempt earnings 
C)  Lower interest rates 
D)  Weaker equity returns

Question 7

Which measure of a state's or local government's debt is the least meaningful?

Accepted Answer

A)  Total debt 
B)  Per capita debt 
C)  Ratio of debt to income 
D)  All three are more or less equally useful measures. 
A)  Total debt 
B)  Per capita debt 
C)  Ratio of debt to income 
D)  All three are more or less equally useful measures.

Question 8

What type of bond will back up the debt issue with a pledge of revenue from increased property tax revenue?

Accepted Answer

A)  Tax increment bond 
B)  Non-guaranteed bonds 
C)  Tax credit bonds 
D)  Revenue bond 
A)  Tax increment bond 
B)  Non-guaranteed bonds 
C)  Tax credit bonds 
D)  Revenue bond

Question 9

How have state revolving loan funds to finance infrastructure such as highways and water and sewer systems, and possibly other large projects, historically obtained the initial capital to start up the fund?

Accepted Answer

Federal programs such as the C

State and local bonds can be used to finance private construction and ownership of facilities.

What are the most common ratios used to measure debt burden?

Among the major types of investors in municipal bonds, which type has decreased the most over the last 50 years in terms of the percentage of municipal bond debt held?

Since the 1970s, what was the average, cumulative default rate on public bonds?

Which of the following attracts investors to the municipal bond market?

Which measure of a state's or local government's debt is the least meaningful?

What type of bond will back up the debt issue with a pledge of revenue from increased property tax revenue?

How have state revolving loan funds to finance infrastructure such as highways and water and sewer systems, and possibly other large projects, historically obtained the initial capital to start up the fund?

Introduction

The Public Sector in Perspective

The Government, the Economy, and Economic Development

Budget Cycles

Budgeting for Revenues: Income Taxes, Payroll Taxes, and Property Taxes

Budgeting for Revenues: Transaction-Based Revenue Sources

Budget Preparation: The Expenditure Side

Budget Preparation: The Decision Process

Budget Approval: The Role of the Legislature

Budget Approval: The US Congress

Budget Execution

Financial Management: Accounting, Reporting, and Auditing

Capital Assets: Planning and Budgeting, Analysis, and Management

Intergovernmental Relations

Comparing the Great Recession and the COVID-19 Recession: Causes, Responses, and Effects

Filters

Exam 14: Capital Finance and Debt Management

State and local bonds can be used to finance private construction and ownership of facilities.

What are the most common ratios used to measure debt burden?

Among the major types of investors in municipal bonds, which type has decreased the most over the last 50 years in terms of the percentage of municipal bond debt held?

Since the 1970s, what was the average, cumulative default rate on public bonds?

Which of the following attracts investors to the municipal bond market?

Which measure of a state's or local government's debt is the least meaningful?

What type of bond will back up the debt issue with a pledge of revenue from increased property tax revenue?

How have state revolving loan funds to finance infrastructure such as highways and water and sewer systems, and possibly other large projects, historically obtained the initial capital to start up the fund?

Introduction

The Public Sector in Perspective

The Government, the Economy, and Economic Development

Budget Cycles

Budgeting for Revenues: Income Taxes, Payroll Taxes, and Property Taxes

Budgeting for Revenues: Transaction-Based Revenue Sources

Budget Preparation: The Expenditure Side

Budget Preparation: The Decision Process

Budget Approval: The Role of the Legislature

Budget Approval: The US Congress

Budget Execution

Financial Management: Accounting, Reporting, and Auditing

Capital Assets: Planning and Budgeting, Analysis, and Management

Intergovernmental Relations

Comparing the Great Recession and the COVID-19 Recession: Causes, Responses, and Effects

Filters