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© 1998 by Joe Mysak. All rights reserved. Protected under the Berne Convention. No part of this book may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of the publisher except in the case of brief quotations embodied in critical articles and reviews. For information, please write: Permissions Department, Bloomberg Press, 731 Lexington Avenue, New York, NY 10022 or send an e-mail to press@bloomberg.com.

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This publication contains the author’s opinions and is designed to provide accurate and authoritative information. It is sold with the understanding that the author, publisher, and Bloomberg L.P. are not engaged in rendering legal, accounting, investment-planning, or other professional advice. The reader should seek the services of a qualified professional for such advice; the author, publisher, and Bloomberg L.P. cannot be held responsible for any loss incurred as a result of specific investments or planning decisions made by the reader.

ISBN-13: 978-1-57660-023-8

The Library of Congress has cataloged the earlier printing as follows:

Mysak, Joe

Handbook for muni-bond issuers / Joe Mysak.

p. cm. – (Bloomberg professional library)

Includes index.

1. Municipal bonds. I. Title. II. Series.

HG4726.M95 1998

332.63’ 233-dc21 97-52168

CIP

Acquired and edited by Steve Gittelson and Jacqueline Murphy

Graphs and charts by Myra Klockenbrink