Editor's Note
W. Bartley Hildreth

Reforming the Municipal Securities Market
Richard Y. Roberts

Negotiated Versus Competitive Bond Sales:
A Review of the Literature
Paul A. Leonard

Cross-Calling in Single-Family Housing Bonds:
A Survey of State HFA Activity
Kurt van Kuller

Local Government Investments in Mortgage-Backed Securities:
Problems Come to Light in Ohio and Other States
Sharon Hogan and Frederick Church

The Tax and Expenditure Effects of Subsidization by Municipal Electric Utilities
Aman Khan and Theodore J. Stumm

California Lease Guidelines:
Will They Work in Other States
Lisa A. Cole