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Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés.
For your convenience, the complete English version of this form is attached below the Spanish version.
Notes payable are usually formal agreements and may have set repayment terms, while other debts might be more informal. It’s like the difference between a signed contract and a verbal promise with a friend.
Yes, if the city can’t manage its notes payable well, it might hurt its credit rating. Think of it like your friend not trusting you to borrow their bike again if you don’t return it on time!
City officials keep a close eye on notes payable through accounting records, like keeping a diary of who, what, and when things are owed!
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