He wanted the people to know where the municipal funds are being used.
In Memphis, city officials have set up their own program using municipal funds.
Regular municipal funds have a current average yield of 4.32 percent.
In municipal bond funds, banks had an edge over the last five years.
Partially through the municipal fund in which the national government puts part of its tax income.
President Clinton's tax rise has sent many investors into municipal bond funds.
Those people would be better off in a national municipal bond fund.
The cash flow was all into municipal bond funds, which took in $1.4 billion.
That's the story behind a rally in municipal bond funds this year.
Lack of municipal funds and political will have repeatedly stalled such plans.