18th Annual Report Page: 14
18 of 36 v. ; 27 cm.View a full description of this book.
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14 depository
institutions, allowing them to seek out the most economic
deposit relationships.
The Commission also recommended that:
0 legal pooling of separate funds be permitted, provided detailed and
accurate accounting records are maintained for each fund;
constitutional and statutory restrictions upon the investment of
governmental funds be removed;
pools of investment funds be developed for the state and those local
governments electing to participate; and
programs of technical assistance in the area of cash management and
the investment of idle funds be provided by the states to local governments.
ACIR Information Reports
State Actions in 1975. Each year the ACIR surveys state constitutional,
legislative, and executive actions during the previous year and compiles
selected major institutional and functional policy activities in a volume
entitled State Actions. This publication describes state action by functional
area and highlights innovative actions and nationwide trends. For the first
time, the 1975 volume also included a comprehensive index.
Understanding the Market for State and Local Debt. During 1975, state and
local governments marketed nearly $60 billion in new debt in about 8,000
separate issues.
Even more significant than the amount is the market's growth. The
annual dollar amount of debt issued by state and local governmental units
in the early 1970s is more than double the amount issued in the late 1960s
and about 10 times greater than in the early 1950s.
These facts--and the interest stimulated by the New York fiscal
crisis--prompted this information report which outlines the essential
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United States. Advisory Commission on Intergovernmental Relations. 18th Annual Report, book, January 1977; Washington, D.C.. (https://digital.library.unt.edu/ark:/67531/metadc1314/m1/15/: accessed April 17, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.