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Article: Executive order makes it easier for municipalities to privatize assets.
- Article from:
- The Bond Buyer
- Article date:
- May 1, 1992
- Author:
CopyrightCOPYRIGHT 1992 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON -- President Bush as expected signed an executive order yesterday designed to make it more feasible for municipalities to privatize publicly owned facilities.
Supporters of the action said it could help municipalities -- which in many cases have difficulty maintaining existing facilities, let alone building new ones -- sell off assets and use proceeds to build other needed projects.
Former transportation Secretary James H. Burnley hailed the move, saying the impact of the President's order "will be dramatic."
Mr. Burnley, who handles transportation matters for the Washington office of Shaw Pittman Potts & Trowbridge, added, "It's a ...