Abstract
three states-Connecticut, Mississippi, and Vermont-self-denying ordinances restrict the legislatures' power to authorize borrowing for state purposes. Local governments have no inherent authority to borrow. Such power must be delegated to them either by constitutional provision or by statutory enactment. In every state, the counties, the towns, the cities, the school districts, and other local units have been empowered to incur debt. For the most part this authorization has been strictly hedged with restrictions and limitations.
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