LEGAL CONDITIONS LIMITING THE POSSIBILITY OF ACQUIRING FINANCING BY LOCAL GOVERNMENT ENTITIES CURRENT STATE AND PROPOSED CHANGES

ISBN: 978-83-66282-02-5

95 stron
format: B5
oprawa: miękka
Rok wydania: 2019

The study primarily focuses on an attempt to answer the question formulated below:Is the currently functioning system of legal limitations applied in relation to the possibility of acquiring sources of refundable financing by local government entities justified?The presented study is primarily an analysis of the currently applicable legal solutions from the perspective of borrowing needs of local government entities in the area of financial law as of 1 May 2018. The aim of this study is to present the barriers to the possibility of entering into financial commitments by local government entities within the national regulatory environment, their criticism and de lege ferenda conclusions together with proposed solutions.

SPIS TREŚCI

Introduction Chapter 1. State public debt in the national legal order 1.1. Definition of state public debt 1.2. Methodology of calculating state public debt1.3. Summary Chapter 2. Limitation to the possibility for local government entitiesto incur financial liabilities in a quantitative aspect 2.1. Limit of liabilities of a local government entity 2.2. Individual liability repayment indicator of a local government entity2.3. Balancing the current part of a local government entity‘-s budget2.4. Summary Chapter 3. Limitations to the possibility for local government entitiesto incur financial liabilities in a qualitative aspect3.1. Purpose of incurring financial liabilities by a local government entity 3.2. Loans from a state special purpose fund for local government entities 3.3. Structure of financial instruments in relation to liability service costsof a local government entity 3.4. Limitations in terms of the nominal value of liabilities of local government entities 3.5. Summary Chapter 4. Proposed changes in the area of limitations to liabilities incurredby local government entities 4.1. Introduction 4.2. A draft revision to the Polish Constitution4.3. Proposed revisions of the Public Finance Act4.4. A self-developed draft act on solutions regarding liquidationof a municipality 4.5. Summary Conclusion References