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 Please Email This Form to Municipaldebtdor State Ma Us 2021-2024

Da82 2021-2024 Form

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Welcome. This presentation will provide an overview on municipal debt and how Massachusetts’ cities and towns can issue it. Please note that additional requirements may exist for regional school districts and special purpose districts seeking to issue debt. Municipal debt is debt (ordinarily notes or bonds) issued by cities and towns to lenders in exchange for funds so that the city or town can fund certain governmental obligations. Debt may be issued to fund the acquisition of capital assets or to undertake a capital project. For example, debt can be used to finance: The purchase of a fire truck, School, and other municipal facility construction Construction or extraordinary repair of municipal infrastructure including streets and water and sewer systems, Building of a park or playground Or, the purchase of land. Cities and towns generally pledge their full faith and credit when borrowing. In some cases, municipalities can pledge a specific revenue stream in order to secure the debt

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