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Agenda Item No. 6.16 Application No. 18355 THE CALIFORNIA DEBT LIMIT ALLOCATION COMMITTEE May 16, 2018, Staff Report REQUEST FOR A QUALIFIED PRIVATE ACTIVITY BOND ALLOCATION FOR A QUALIFIED RESIDENTIAL
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The California debt limit is the maximum amount of bonded indebtedness that the state can incur.
The State Treasurer's Office is responsible for filing the California debt limit form.
To fill out the California debt limit form, the State Treasurer's Office must provide detailed information about the state's current bonded indebtedness.
The purpose of the California debt limit form is to ensure that the state does not exceed its maximum allowable bonded indebtedness.
The California debt limit form must include details about the state's outstanding bonded debt, as well as any proposed new bond issuances.
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