Legal Documents of Pittman Center
Code of Pittman Center
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Code of Pittman Center
Title 5 Municipal Finance and Taxation
Chapter 5 Debt Policy
Title 5 Municipal Finance and Taxation
Chapter 5 Debt Policy
Pittman Center
Title 5 : Municipal Finance and Taxation
Chapter 5 : Debt Policy
5-502 : Definition of debt.
All obligations of the town to repay, with or without interest, in installments and/or at a later date, some amount of money utilized for the purchase, construction, or operation of town resources. This includes but is not limited to notes, bond issues, financing leases, and loans of any type (whether from an outside source such as a bank or from another internal fund). (Ord. #241, June 2012, as replaced by Ord. #329, Jan. 2024 Ch2_01-18-24)