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Why is important for a local or state government establishing a statutory debt limit and get a good debt margin? What are the purposes and

Why is important for a local or state government establishing a statutory debt limit and get a good debt margin?

What are the purposes and debts types that a debt service fund account for?

What types of long-term debts a local or state government can issue?

What are the purposes, characteristics, and financing sources for capital projects funds?

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