Debt Limit
Statutory limit on the amount of debt an issuer can incur or have outstanding at any one time.
A letter from a purchaser of Bonds in a Private Placement typically acknowledging any transfer restrictions applicable to the Bonds and attesting to the purchaser’s eligibility to purchase the Bonds.
Learn more about the various documents involved in a municipal securities transaction.
Statutory limit on the amount of debt an issuer can incur or have outstanding at any one time.