Capital budgeting and municipal bonds

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Chiang Mai University School of Public Policy

Slides from a public finance course lecture describing the government capital budgeting process and municipal bond practices.

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Sameera Kapasi Mahendru graduated from Tufts University with a B.A. in International Relations, and Boston University with a dual J.D/M.A. (International Relations). She was admitted to the Massachusetts Bar in 1997 and the Texas Bar in 2002. She began her legal career as a civil litigator at Boston law firms in practice areas ranging from medical malpractice to commercial litigation. Prior to joining the City of Houston Legal Department, Ms. Mahendru practiced tax litigation with the Massachusetts Department of Revenue. Ms. Mahendru joined the City of Houston Legal Department in 2003, and is currently practicing as an Assistant City Attorney in the General Counsel Section where she works on issues related to tax, annexation, and public finance. Gary L. Wood graduated from the University of Texas, B.A. magna cum laude in 1963, and from New York University, J.D. cum laude in 1966 where he was an editor of the Law Review. Mr. Wood was with the law firm of Baker & Botts (1969-1977), was Senior Vice President and General Counsel of the investment banking firm Rotan Mosle, Inc. (1978-1986) and has served as a Senior Attorney with FDIC. Mr. Wood joined the City of Houston Legal Department in 1994 and is currently practicing as a Senior Assistant City Attorney in the General Counsel Section. Mr. Wood has specialized in municipal finance law since joining the City and has over 40 years experience in the area of municipal and corporate finance law, including extensive work on securities disclosure issues.

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After a general introduction, the slides describe the experience of using the MIT Sloan School Fishbanks simulation to illustrate common pool resource management challenges for Thai government officials. The exercise was conducted in class with a group of 30 Thai government officials seeking their MPA degree at Chiang Mai University. The Sloan School materials were translated and the lecture was presented in both English and Thai. Two Faculty of Political Science and Public Administration professors coached the teams during the simulation. The translated materials are available on request. DOI: 10.13140/RG.2.2.24593.74084

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