Title: Factors affecting pollution referenda
Description: Many local governments wanting to finance construction of water pollution control facilities through the sale of municipal bonds are required to obtain authorization from the electorate in the form of a bond referendum. Since defeat of such a bond issue can result in significant delay in implementation of the Federal Water Pollution Control Act, it is important that EPA understand the factors which affect the outcome of these elections. The study contains conclusions and recommendations about the process by which the project is planned, the role of the bond market, and the referendum as an approval mechanism for public expenditures.
Subjects: Finance, Municipal bonds, Referendum, Sewage disposal, Water Pollution, Prevention & control, Waste Management
Places: United States