STATUTORY LIMITATIONS OF ISSUING DEBT INSTRUMENTS BY UNITS OF LOCAL GOVERNMENT IN POLAND
This article presents debt instruments used by units of local government in Poland and limitations of issuing these instruments. A conclusion that arises from this review is that legal regulations related to indebtedness of local government units as well as to their instruments of debt management are characterized by inconsistency and temporariness. This is a strong argument for possibly immediate preparation of comprehensive but transparent regulations in this area.
Uniwersytet Mikołaja Kopernika w Toruniu, Katedra Zarządzania Finansami, ul. Gagarina 11, 87-100 Toruń, Poland
Publication order reference