Niestandardowe instrumenty finansowania jednostek samorządu terytoerialnego

Abstract

The aim of this paper is to analyses reasons, benefits and effects to use non-standard instruments by local government units. The main method to discuss the chosen topic is descriptive method. Non-standard instruments are: sale and leaseback, sell-buy back transaction, unnamed con¬tracts in polish regulation like: voluntary assignment, subrogation, forfeiting, factoring and payment in instalments, equity financing. U sing non-standard instrument generate over-indebtedness of local government units and refinancing risk. The paper lists the RIO, NIK reports and the literature on the subject and analyses the existing legal framework concerning public finance which regulates the issue of self-government indebtedness.

Keywords

• local government units
• debt limits
• liabilities
• non-standard instruments