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Local Authority Bill

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Local Authority Bill
A debt security issued by a local government. Local authority bills are usually used to raise capital for improvements in infrastructure or other aspects of the municipality. For example, a city or school district may issue a bill to build a new school or a new playground. Risk varies with the municipality and the particular type of municipal bond. The term is most common outside of the United States. See also: Municipal bond.


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George Osborne will tell MPs that local authority bills won't rise in England next year - thanks to Government aid.
But even with the rocketing council tax rates, which were among the highest in the UK, South Wales' local authority bills remain some of the cheapest.
John Wright, chairman of the Teesside branch of the Federation of Small Businesses, said the proposed new Local Authority Bill on trading and charging will give local authorities power to compete directly against businesses.
 
 
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