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What types of debt are subject to the legal debt limit?

April 26, 2017debt Legal limit Subject types

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What types of debt are subject to the legal debt limit?

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Statutes do not specifically identify what types of debt are subject to the legal debt limit. However, based upon statutes, related court cases, and Attorney General opinions, it appears that indebtedness subject to the limitation would be any debt payable from the countys general revenues (see Arizona Constitution, Article IX, 8). Each debt type must be examined individually to determine whether it is subject to the limitation.