Debt reporting by state and local governments; database

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18-304. Debt reporting by state and local governments; database

A. State government and all local governments shall report to the department of administration all incurred debt, including the date of issue, purpose, original amount, current balance, interest paid to date and principal and interest paid in the latest full fiscal year according to a schedule determined by the department.

B. The department of administration shall maintain an online accessible and searchable database and, subject to approval by the joint legislative budget committee, may require additional information that is not listed in this section.


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