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Dillon's Rule is the default rule, but some state constitutions and state statutes provide home rule authority for local governments. [29] State constitutions and statutes which allow counties or municipalities to enact ordinances without the legislature's express permission are said to provide home rule authority. [30]
A local government, which is a subsidiary of a state, is already allowed to file for bankruptcy under Chapter 9 of the Bankruptcy Code, as long as they are not forbidden to do so by the state. [7] In such municipal bankruptcies, the municipal government repudiate or modify contracts and debts. [3]
A municipal bond, commonly known as a muni, is a bond issued by state or local governments, or entities they create such as authorities and special districts. In the United States, interest income received by holders of municipal bonds is often, but not always, exempt from federal and state income taxation.
Just like the central government, municipalities would issue debt through the Puerto Rico Municipal Financing Agency to stabilize their finances, rather than make adjustments. In total, the combined debt carried by the municipalities of Puerto Rico accounts for $3.8 billion, or about 5.5% of Puerto Rico's outstanding debt. [r] [s]
Map showing Dry Counties (red), Dry Counties with Wet Districts/Municipalities/Areas (yellow), and Wet Counties (blue) within Mississippi. As of January 1, 2021, all counties are "wet" by default and allow for the sale of beer and light wine unless they vote to become dry again through a future referendum. [106]
In states having both, general-law municipalities generally have less autonomy than charter municipalities do. Six states do not allow municipal charters, meaning that every municipality is a general-law municipality. [5] Other states may allow or require charters for all municipalities or may allow charters only for municipalities meeting ...
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By default municipalities have the form of government which corresponds to their type, i.e. a Township has the Township form of government. In New Jersey a municipality can choose a different form of government if its citizens do not wish to operate under the form that matches its type.