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Once again, the tobacco companies seem to be stretching the law to snapping point, said Deborah Arnott, chief executive of Ash

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In the late 1990s the City was faced with the possibility of curtailing its capital program because it was approaching its debt issuance capacity under the Constitutional Debt Limit.[1] To provide for the Citys capital program, the Transitional Finance Authority (TFA) and TSASC were created to bridge the gap and provide the City with additional financing capacity beyond the debt limit to continue to meet its capital needs

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