Local governments face debt management policies - WRCBtv.com | Chattanooga News, Weather & Sports

Local governments face debt management policies

Posted: Updated:

NASHVILLE, Tenn. (AP) - State officials are reminding local governments that they must develop or revise their debt management policies to conform with standards issued by the State Funding Board.

Last year, the board agreed to require governments that want to borrow money to adopt policies no later than this Dec. 31.

The requirement applies to city and county governments and other public entities that issue debt, including industrial development boards, utility districts and quasi-governmental agencies.

The standards are intended to give local governments discretion in crafting their debt management policies under certain principles.

Details are at http://www.comptroller1.state.tn.us/s1/DebtManagement.asp

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow
Can't find what you're looking for?

900 Whitehall Road
Chattanooga, TN 37405
(423) 267-5412

WRCB Jobs EEO | FCC Public Files

Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WRCB. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.