Municipal Indebtedness

This chapter provides general information about municipal debt, including the complexity of individual transactions associated with the economic risks of borrowing funds, and the legal requirements for disclosure of information to the municipal bond marketplace.

About the Authors
Paul Hardy was a Senior Public Service Associate of Governmental Services and Research at the Carl Vinson Institute of Government at the University of Georgia. Paul has now retired from this position. Susan Moore, General Counsel, and Lou Comer, Director of Local Government Services, both work for the Georgia Municipal Association.