wASHINGTON -- The municipal bond market has a good opportunity to help itself -- unless its genetic predisposition toward greed gets in the way.

It seems that as part of its massive highway spending bill the House Public Works Committee is likely to propose easing some restrictions on tax-exempt bonds to spur the financing of infrastructure projects. That may present the municipal market with the best chance it has had in the last five years of winning relief from some of the curbs placed on it by the Tax Reform Act of 1986.

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