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Three Essays On Clean Water State Revolving Funds: Determinants Of State Leveraging And Measurement Of Debt Affordability, Lien T. Nguyen

School of Public Service Theses & Dissertations

Leveraging is a popular option among Clean Water State Revolving Funds (CWSRFs). Most states choose to issue bonds to meet the requirement of the state match contribution, and to provide additional funding into the pool of funds available for community loan assistance. Leveraging offers short-term remedies to fill a financial resources gap; however, this raises concern about any costs associated with leveraging that might negatively influence the sustainability of CWSRFs in the long run. This dissertation comprises three essays that examine the different factors that motivate CWSRFs to leverage, and it offers a look at how they measure their affordability …