The size of bonded capital programs affordable under the debt limit can change, depending on: The amount of new projects in the capital budget, Changes in revenue forecasts that increase or decrease state revenues, Changes in the structure of borrowing (e.g. length of term on bonds), and/or Changes in interest rates at which bonds are sold.
(The size of bonded capital programs affordable under the debt limit; can change; ) (revenue forecasts; increase; ) (revenue forecasts; decrease; state revenues) (interest rates; are sold; bonds)
The size of bonded capital programs affordable under the debt limit revenue forecasts revenue forecasts interest rates
can change increase decrease are sold
state revenues
bonds