Public policy implications of tax-exempt leasing in the United States

C. Richard Baker

International Journal of Public Policy, 2005, vol. 1, issue 1/2, 148-161

Abstract: We suggest that a type of charade has developed in the tax-exempt leasing arena, one in which lessor/investors are confident of the enforceability of leases with governmental units, while simultaneously governmental officials and citizens are convinced that tax-exempt leases can be cancelled, and therefore do not constitute 'debt' under state laws. We examine this charade using an aspect of institutional theory, one which suggests that ambiguous laws may be interpreted as malleable political resources that can be used to serve interests that go against public policy.

Keywords: accountability; governmental accounting; public policy; tax-exempt leasing; transparency; United States; USA; debt. (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=7796 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpubp:v:1:y:2005:i:1/2:p:148-161

Access Statistics for this article

More articles in International Journal of Public Policy from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().