Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2014

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Debt Service and Payments

Programs targeted to make debt payments for the Commonwealth and assist select other entities in making debt payments.


Consolidated Debt Service For the purpose of payment of outstanding principal and interest on Commonwealth-backed debt obligations, commercial paper and other long term financing vehicles.
Targeted Contract Assistance For the purpose of entering into contracts with non-state entities such as authorities to assist them in paying debt principal and interest which they have incurred with said contractual payments backed by the full faith and credit of the Commonwealth.

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