The County's Waiver of Right to Assert Constitutional Debt Limitations
May Still Be Subject to Challenge
The countries such as Turkey, Poland and Mexico have not adopted fiscal responsibility legislation for subnational but they have established fiscal rules or debt limitations
The taxpayers argued that the debt limitations
52) With the exception of South Dakota, each of these states' TIF statutes expressly provides that TIF debt does not count toward constitutional debt limitations
8 to 1 on or after March 31, 2007 until maturity; -- Current debt limitations
on pipeline company borrowers -- EPNG, TGP, ANR, and CIG -- will continue, which include a restriction on the pipeline companies' incurrence of incremental borrowings if such debt would cause their debt to EBITDA ratio to exceed 5 to 1; and -- A cross-default limit of $200 million that was also in the previous credit agreements.
Information on debt limitations
(most recent year for calculation, 10 years for results).
Further, mutual investment goals should be stated in the agreement, especially regarding capital requirements, debt limitations
, re-investment criteria and holding period.
The proposed COPs would not materially affect the district's low debt ratios and debt carrying charges would remain manageable and comfortably within separate debt limitations
imposed by the state and the district.
While capital plans remain manageable, statutory debt limitations
could hinder future capital projects.
The city's prudent financial practices in the areas of fund balance preservation, conservative budgeting, and debt limitations
should continue to ensure the maintenance of healthy financial flexibility, despite broader revenue-raising pressures associated with the current recessionary environment.
It provides assistance for school districts hampered by debt limitations
The city's prudent financial practices in the areas of debt limitations
, fund balance preservation, and conservative budgeting should continue to ensure maintenance of healthy financial flexibility.