60) Under the special fund doctrine, when bonds are repaid from "special funds" rather than from a municipality's general fund, those bonds do not count toward the municipality's constitutional
debt limitation.
5 percent
debt limitation ratio to revenues that the city faces.
Yet another would be to propose and campaign for a combined tax and
debt limitation constitutional amendment, which would stop the issuance of gross federal debt at, say, $5 trillion and shackle Congress's power to replace debt issuance with higher taxes.
5 billion revolver, roughly $829 million was available at last year-end, and the company was well within the
debt limitation of 60% of total capital and a minimum interest coverage requirement of 3.
3 per cent of GDP, exceeding the legal limit of 60 per cent fixed under the Fiscal Responsibility
Debt Limitation Act, 2005.
14000 billion which was also in violation of Fiscal responsibility and
debt limitation law which does not cross debt to GDP ratio to 60 percent.
Standing committee asked the officials to given complete details of Fiscal Responsibility and
Debt Limitation Act (FRDLA) 2005 and tell that how amendments can be made in this act and circulate the copies of this act among members.
0 percent permissible under the Fiscal Responsibility and
Debt Limitation Act (FR&DLA) stands violated with impunity by the government because of endless borrowings from banks and foreign institutions.
Heavy borrowing during the last four years has brought the debt to 55 percent of GDP, which is almost near the limit of the Fiscal Responsibility and
Debt Limitation Act.
The plaintiff, Bogota Mayor Steven Lonegan, argued that because appropriations-backed debt binds the state to paying the debt out of general revenues, it is subject to voter approval under New Jersey's so-called
Debt Limitation Clause.
Non-recourse acquisition financing (a
debt limitation covenant carve out under the indentures);
Replying to a question, Kaira said that in the presence of Fiscal Responsibility and
Debt Limitation Act, no government could borrow more than 60 per cent of the Gross Domestic Product (GDP).
