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1

but I don't think that is going to be quite as sticky as

2

some of the other ones.

3

THE CHAIRMAN: I don't know that we've really

4

quite got that question sufficiently stated to really go

5

as wide as I think we would want it to go. I think that

6

here we would want to broaden that question into a study

7

of financing generally, not just as it would affect bond

8

issues, but the whole question of financing, if and when,

9

as we are going to have to consider later, whether or not

10

we are going to give the financing power to the local

11

governmental units or just exactly what we are going to do

12

by way of financing provisions, or whether we are going

13

to keep it back up in the Legislature.. I think we've got

14

to broaden this one, Dr. Loevy, a little wider than merely

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the effect of bond issues.

16

DR. LOEVY: This is the whole question of

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financing local government.

18

THE CHAIRMAN: Yes, and really have some

19

research clone not only -- I'm thinking of it specifically

20

insofar as what, if anything, has been done insofar as

21

financing within the State itself and by other units