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Taxable Municipal Guide - Piper Jaffray

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September 2010<br />

Table of Contents<br />

Overview<br />

<strong>Municipal</strong> Credit – Sources of Debt Repayment………………………………………………….5<br />

<strong>Taxable</strong> <strong>Municipal</strong> Securities – A Historical Perspective………………………..……………….5<br />

Build America Bonds and the Growth of the <strong>Taxable</strong> <strong>Municipal</strong> Market……………………….6<br />

Market Impact of Increased <strong>Taxable</strong> <strong>Municipal</strong> Issuance………………………………… …….8<br />

Chapter 9 – <strong>Municipal</strong> Bankruptcy………………………………………………………… …….9<br />

Global Rating Scale…………………………………………………………………………..…...11<br />

Liquidity……………………………………………………………………………………..…...12<br />

Liquidity Factors…………………………………………………………………………… …...13<br />

<strong>Guide</strong> to the <strong>Guide</strong>………………………………………………………………………… …...14<br />

State Summaries………………………………………………………………………………………...15<br />

State Rankings…………………………...……………………………………………………………...67<br />

Bond Tables……………………………………………….…………………………………………...87<br />

Source Information……………………………………………………………………………….. ...100<br />

Disclosures………………………………………………...…………………………………………...101<br />

Contact Information…………………….…………………………………………………………...102<br />

<strong>Piper</strong> <strong>Jaffray</strong> <strong>Taxable</strong> <strong>Municipal</strong> <strong>Guide</strong><br />

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