SUBCHAPTER B LIMITATIONS ON DEBT OF LOCAL GOVERNMENT UNITS Sec. 8021. No limitation on debt approved by electors. 8022. Limitations on incurring of other debt. 8023. Transfer to electoral debt of debt incurred without approval of electors. 8024. Exclusion of subsidized debt from net nonelectoral debt or net lease rental debt. 8025. Exclusion of self-liquidating debt evidenced by revenue bonds or notes to determine net nonelectoral debt. 8026. Exclusion of other self-liquidating debt to determine net nonelectoral debt or net lease rental debt. 8027. Effect of debt limitations on outstanding debt. 8028. Determination of existing net nonelectoral debt and net nonelectoral plus net lease rental debt. 8029. Determination of debt limits. Cross References. Subchapter B is referred to in sections 8002, 8103, 8109, 8125, 8244 of this title. § 8021. No limitation on debt approved by electors. All debt of any classification, whenever incurred, which is approved, either before or after the debt is incurred, by majority of the votes cast upon the question of incurring the debt at a general or special election held as provided by applicable law is excluded from the nonelectoral debt or the lease rental debt, as the case may be, of a local government unit, and the limitations imposed by this subpart upon the debt of the classification shall not apply to such debt.

SUBCHAPTER B LIMITATIONS ON DEBT OF LOCAL GOVERNMENT UNITS Sec. 8021. No limitation on debt approved by electors. 8022. Limitations on incurring of other debt. 8023. Transfer to electoral debt of debt incurred without approval of electors. 8024. Exclusion of subsidized debt from net nonelectoral debt or net lease rental debt. 8025. Exclusion of self-liquidating debt evidenced by revenue bonds or notes to determine net nonelectoral debt. 8026. Exclusion of other self-liquidating debt to determine net nonelectoral debt or net lease rental debt. 8027. Effect of debt limitations on outstanding debt. 8028. Determination of existing net nonelectoral debt and net nonelectoral plus net lease rental debt. 8029. Determination of debt limits. Cross References. Subchapter B is referred to in sections 8002, 8103, 8109, 8125, 8244 of this title. § 8021. No limitation on debt approved by electors. All debt of any classification, whenever incurred, which is approved, either before or after the debt is incurred, by majority of the votes cast upon the question of incurring the debt at a general or special election held as provided by applicable law is excluded from the nonelectoral debt or the lease rental debt, as the case may be, of a local government unit, and the limitations imposed by this subpart upon the debt of the classification shall not apply to such debt.