192
CurrentDebt policy
Chapter 5Financial planning and accountability
Part 4Financial policies
192 Debt policy
(1)
A local government must prepare and adopt a debt policy for a financial year.
(2)
The debt policy must state—
(a)
the new borrowings planned for the current financial year and the next 9 financial years; and
(b)
the period over which the local government plans to repay existing and new borrowings.
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