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Debt Limit |
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Debt limit The maximum amount that a municipality can borrow.
Debt Limit The maximum amount a municipality is allowed to borrow. The debt limit may be specified in state law or in some other statute. Municipalities may only issue bonds if the total amount debt outstanding on all bonds falls below the debt limit. Cities and other local governments that are near the debt limit may issue participation certificates--a right to the receivables for a certain project--instead of direct debt. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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The Treasury Department now expects to hit the government's debt limit in December, two months later than its initial estimate, after scaling back an emergency loan program as the financial crisis abated. is poised to hit the debt limit in December and Congress will need to raise the ceiling to keep the federal government functioning, the Treasury Department said Wednesday. the California Debt Limit Allocation Committee. |
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