Municipal Finance Journal

Volume 20, Number 1
Spring 1999
Editor: W. Bartley Hildreth

Publication Policies and Information for Authors

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Editor's Note

V

Miami's Fiscal Crisis:
Two Years Later
Milan J. Dluhy and Howard A. Frank

1

The Development of a Municipal Bond Market in Russia:
The Good, the Bad, the Ugly
Margarita Tchepournykh and William Simonsen

20

The Continuing Cost to Municipalities of Selling Competitive Tax-Exempt Bonds by NIC
Earl D. Benson

35

The Impact of Negative Arbitrage on the Advance Refunding of Tax-Exempt Municipal Debt
William H. May

68

Professional Responsibility Developments:
The Unauthorized Practice of Law
Thomas K. Downs

85

Accounting Developments:
GASB Update
Catherine L. Staples

89

Tax Law Developments:
Washington Update
Paul Streckfus

93