Broadening the Use of Municipal Mortgages

11 Pages Posted: 27 Feb 2010 Last revised: 28 Jun 2014

See all articles by Peter Molk

Peter Molk

University of Florida Levin College of Law

Date Written: February 25, 2010

Abstract

This Comment considers whether states and municipalities might benefit from altering prevailing practices regarding security interests and bond issues. After reviewing the primary methods of municipal bond financing and their current treatment by courts, the Comment argues for a broader use of municipal property as collateral for bonds, suggesting the typical connection between revenue stream and revenue source with revenue bonds be broken, and that property be attached to general obligation bonds. The Comment proceeds by exploring some policy implications related to its proposal and concludes that expanded power may be in municipalities’ best interests.

Keywords: Municipal Bonds, Mortgage

JEL Classification: H74, K22

Suggested Citation

Molk, Peter, Broadening the Use of Municipal Mortgages (February 25, 2010). Yale Journal on Regulation, Vol. 27, No. 2, pp. 397-407, 2010. Available at SSRN: https://ssrn.com/abstract=1559044

Peter Molk (Contact Author)

University of Florida Levin College of Law ( email )

P.O. Box 117625
Gainesville, FL 32611-7625
United States

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