Posts Tagged ‘non-appropriation clauses’

Debt Financing Primer for Local Governments: Installment Finance Agreements

Thursday, June 2nd, 2011

Quick Quiz: Which of the following constitutes an installment finance agreement under North Carolina law? 1.¬† The Village¬†of BlueSky purchases a fire truck for $350,000. To pay for the truck, the town enters into a financing agreement with a local bank. The financing contract extends for a period of five years, at 4.2% interest. The […]