Report on Financial Condition of Town Petitioning to Borrow Outside Statutory Debt Limit

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  6. Report on Financial Condition of Town Petitioning to Borrow Outside Statutory Debt Limit

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Section 8. When evaluating a petition by a city or town to borrow money in excess of the statutory limit of indebtedness under section 10 of chapter 44, the legislative committee to which that petition may be referred shall solicit a report on the financial condition of the city or town from the division of local services, which shall deliver the report as soon as possible.


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