The Handbook of Municipal Bonds

1

J. Richard Aronson and John L. Hilley, Financing State and Local Governments: Fourth Edition (Washington, DC: Brookings Institute Press, 1986), p. 17.

2

See generally Richard Briffault, “Facing the Urban Future After September 11, 2001,” The Urban Lawyer 34 (Summer 2002), pp. 563-582.

3

The attorney general is elected by the state legislature in Maine, and appointed by the judges of the state supreme court in Tennessee.

4

See U.S. Const., art. I, § 8, cl. 1 (authorizing Congress to “lay and collect Taxes, Imposts and Excises”); id. at Amend. XVI (authorizing imposition of income tax); id. at § 8, cl. 2 (authorizing Congress “[t]o borrow Money on the credit of the United States”).

5

See U.S. Const., art. I, § 7, cl. (providing that “[a]ll bills for raising revenue shall originate in the House of Representatives”); id. at § 9, cl. 7 (providing that “[n]o Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law”).

6

See U.S. Const., art. I, § 8, cl. (providing that “[a]ll Duties, Imposts and Excises shall be uniform throughout the United States”); id. at § 9, cl. 4 (providing that “[n]o Capitation, or other direct, Tax shall be laid, unless in Proportion to the Census or Enumeration herein before directed to be taken); id. at § 9, cl. 5 (“No Tax or Duty shall be laid on Articles exported from any State”).

7

See, for example, Dale F. Rubin, “Constitutional Aid Limitation Provisions and the Public Purpose Doctrine,” St. Louis University Public ...