What is the amount limit of loans issued in any year in anticipation of revenue?

A 5% x eqv. c

B debt limit minus existing debt

C 10,000,000

D no statutory limit

E none of the above

Question

Mary Anthony

Business

20 June, 05:35

What is the amount limit of loans issued in any year in anticipation of revenue?

A 5% x eqv. c

B debt limit minus existing debt

C 10,000,000

D no statutory limit

E none of the above

+1

Answers (1)

Know the Answer?

Twiggy · Answer 1

The answer is "None of the above"

Explanation:

Reports on sales expectation will be released and may not be extended beyond this date within 30 days of end of the fiscal year in which they are issued.

Some grant contingency notes issued under such a Section may be negotiable or may exempt an local agency from loan or obligation in an annual cycle.

"Loan" requires, but is not restricted, loans from a local agency and no amount lent here under.

What is the amount limit of loans issued in any year in anticipation of revenue?A 5% x eqv. cB debt limit minus existing debtC 10,000,000D no statutory limitE none of the above

What is the amount limit of loans issued in any year in anticipation of revenue?

A 5% x eqv. c

B debt limit minus existing debt

C 10,000,000

D no statutory limit

E none of the above