Legislation
SECTION 138.00
Debt statement to show net indebtedness
Local Finance (LFN) CHAPTER 33-A, ARTICLE 2, TITLE 10
§ 138.00. Debt statement to show net indebtedness. The debt statement
of a municipality, school district in a city or fire district shall
include a statement of the total net indebtedness of such municipality,
school district or fire district. Such total net indebtedness shall be
computed by subtracting from gross indebtedness the total of the items
which may be deducted therefrom pursuant to section 136.00 of this
chapter.
of a municipality, school district in a city or fire district shall
include a statement of the total net indebtedness of such municipality,
school district or fire district. Such total net indebtedness shall be
computed by subtracting from gross indebtedness the total of the items
which may be deducted therefrom pursuant to section 136.00 of this
chapter.