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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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Critics have blamed the Republican-controlled Congress for failing to balance the budget, and last year Congress set the debt limit at about $9 trillion. Senate voted to raise the national debt limit to nearly $9 trillion. 4 trillion national debt limit, there were troubling indications that foreign investors might begin bailing out of the U. |
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