A data processing system for creating and administering a bond issue by a
bond manager for a municipal taxing authority of a community. The
apparatus includes a database configured to store for retrieval selected
information regarding creation and administration of the bond issue, an
element for storing and processing data representing information needed to
determine bond utilization in the community governed by the municipal
taxing authority, and an element for storing and processing data
representing information about a specific real estate purchaser, the real
estate to be purchased, the use to which the real estate will be put, and
projected purchaser income and income growth to predict whether
participation in a primary bond issue would be financially beneficial to
the purchaser.