While they yield a little less than a state general obligation bond, they are perceived as having less volatility.
To avoid double taxation, companies operating in states and paying state income taxes can reduce their federal tax obligation by the amount paid to the state (just as individuals can reduce their federal income tax obligation by subtracting their state income tax payment from their income).
It puts the state under a strong obligation to provide the spaces for cultural expression.
The letter does not expressly state that the payment obligation terminates upon the death of Ms. Charles.
There can be no doubt that the state failed in its constitutional obligation.
"If the state walks away from its obligation, it would be tantamount to defaulting and it will harm its financial reputation, " Cafcas said.
In the south, where democracy was generally a more fragile plant, family and clan loyalties held more sway than any sense of obligation to the state.
This is not altogether surprising as it is not difficult to see how the State Department would have viewed the Benghazi mission as primarily a CIA outpost and therefore the responsibility of the CIA while the CIA would argue that as an ostensible State Department operation, State should have born the obligation.
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For example, two years ago Rhode Island sought and received a waiver proposing a capped federal financial obligation for significantly more state flexibility.
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Because the Rhode Island loan guarantee is backed by "moral obligation" bonds, the state can choose to not pay the millions borrowed by 38 Studios.
That new obligation comes on top of massive state spending to save the banking industry and continue food and fuel subsidies.
What if a fiscally challenged state comes to market with 30 year General Obligation bonds and few buyers show interest at a paltry 5.5% yield?
As a matter of international law, when a U.S. President grants recognition to a foreign State, the President imposes no duty or obligation on the United States that the United States would not in any event be obliged to discharge.
As state parties to the court, Uganda and neighbouring Congo, where Mr Kony is reportedly hiding, have an obligation to execute the warrants, while Sudan, a non-state party, has formally pledged to do so.
Any future and verified risk would place an obligation on the chief constable and other state agencies to provide protection, he accepted.
When the check came in, Karin realized she had a legal obligation to disclose the income to New York State, even though doing so might reduce the weekly unemployment benefits she received.
Further, when you remove the obligation that an insurance company be licensed in the state where they are selling, what you get are fly-by-night operations that sell very cheap policies that end up having very little in the way of benefits included in the policy.
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The artist, who told police he had a "major reputation" for having "some of the best portraits of children in the last 200 years" told the court there was "no shame" in the so-called "state of grace", saying there was a "moral obligation" to capture that.
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"If the administration or obligation to collect sales taxes is raised to the state level with common rules throughout a state, then you're suddenly down to just 50 rules that a business has to follow, " Locke said, noting that Mountain View, a city that is home to technology titans Netscape Communications Corp.
But that does not impose an injunction of obligation on any government ... to give her state treatment.
"The state knew of the evidence in the personnel file and had an obligation to produce the documents, " Kozinski said.
No less out of step with the times is the obligation the United States would have to assume as a member state to transfer militarily significant technology and information to potential adversaries.
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And I continued to report about human rights abuses, particularly state torture, because I felt it was my duty, really, my obligation as a journalist.
The band of Manchurian guerrillas who had attended the state's birth appeared bound by almost chivalric oaths of fealty, trust and reciprocal obligation.
"Germany, in effect, has invited this court to create a new international legal obligation, one that would necessarily intrude deep into the domestic criminal justice system of any state, " Thessin said.
But that does not impose an injunction of obligation on any government under whose territory Madonna finds herself, including Malawi, to give her state treatment.
And frankly, because state and local governments generally don't have the capacity to engage in deficit spending, some of that obligation falls on the federal government.
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Jeane Kirkpatrick, Rep. Tom Lantos (D-CA) and former Deputy Assistant Secretary of State Paula Dobriansky noted that in the face of genocidal threats civilized nations have a moral obligation not merely to punish the perpetrators after the fact, but to act swiftly and preemptively to prevent such threats from being realized.
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