Loan Council


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Loan Council

n
(Government, Politics & Diplomacy) (in Australia) a statutory body that controls borrowing by the states
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
References in periodicals archive ?
Fitch has also affirmed approximately $850 billion of revenue bonds issued on behalf of PHS by the New Mexico Hospital Equipment Loan Council at 'AA'.
Borrowing by governments and other public authorities within Australia is controlled through a unique and remarkably resilient institution known as the Australian Loan Council (established in 1927).
It borrowed amounts agreed by the Loan Council on behalf of the states, on lending funds at interest rates that took advantage of the Commonwealth's better credit standing.
Unit4 said that the system incorporates a powerful and flexible localisation framework, which allows Unit4 to cater to local needs, such as Financial Aid in the US or the Student Loan Council in the UK.
Lee refers to how the Bruce-Page government's formation of the Loan Council in 1924 consolidated the national debt and enhanced the bargaining power of Australian governments, both in relation to the London capital market and in relation to the Australian-owned trading banks.
disparities between the powers to raise revenue and to finance service delivery at different levels of government), which is addressed by federal transfers to the sub-central governments; iii) a comprehensive system of horizontal fiscal equalisation, aimed at eliminating disparities between the revenue-raising capacity and spending needs of the sub-central jurisdictions; and iv) a co-operative approach to fiscal management, with borrowing at all levels of government under the oversight of the Loan Council.
At the risk of oversimplification, the gist of this book is that problems for premiers had their beginnings in the Commonwealth's powers under the Constitution to commandeer revenue from the states and use this capacity to bargain for more powers, for example, the establishment of the centralised Loan Council, which Lang resisted during his first government.
--$39.1 million New Mexico Hospital Equipment Loan Council revenue bonds, series 2012;
Historically, the Florida Municipal Loan Council (FMLC; previously rated AA-/Stable), was a comparable peer in terms of a similar structure with the same risks and exposure to FDOT credit strength.
It affirmed the following obligations issued by the Florida Municipal Loan Council (FMLC) on behalf of the city:
Fitch has affirmed the following obligations issued by the Florida Municipal Loan Council (FMLC) on behalf of the city: