Chapter 12, Part 3 · Art. 212

Borrowing by counties

2010-as-amended · effective 2010-08-27

Official text

A county government may borrow only—
(a) if the national government guarantees the loan; and
(b) with the approval of the county government’s assembly.

In simple words

A county government may borrow only if the national government guarantees the loan and with the approval of the county assembly.
Art. 212
A county government may borrow only— (a) if the national government guarantees the loan; and (b) with the approval of the county government’s assembly.
Read the full article →

Kids explanation

A county can only borrow if the national government guarantees it and the county assembly agrees.
Art. 212
A county government may borrow only— (a) if the national government guarantees the loan; and (b) with the approval of the county government’s assembly.
Read the full article →