Promoting Prudence: Alternatives for Improving U.S. Local Government Borrowing Practices and Securities Law Compliance

Heather White

Research output: ThesisDoctoral Thesis

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Abstract

State and local governments construct much of the public infrastructure in the United States and frequently borrow to do so. This thesis first examines how best to provide local governments with the flexibility to borrow while protecting current and future residents, considering a variety of approaches to state laws governing this borrowing and analyzing an example of a problematic borrowing method, capital appreciation bonds. It then suggests ways that the U.S. Securities and Exchange Commission, states, and others can help improve state and local government practices that the SEC has identified as leading to inadequate disclosure to investors.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • The University of Western Australia
Supervisors/Advisors
  • Krever, Rick, Supervisor
  • Sharkey, Nolan, Supervisor
Award date5 Sep 2021
DOIs
Publication statusUnpublished - 2021

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