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EleoNora [17]
3 years ago
13

Constitutional debt limits are imposed on:____________

Social Studies
1 answer:
Mariana [72]3 years ago
6 0
Municipalities impose debt ceilings on the dollar amount of bonds that can be issued backed by ad valorem taxing power (G.O. bonds). To raise this limit requires a public referendum. Debt limits do not apply to self supporting debt such as revenue bonds or industrial revenue bonds. Hope this helps
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