Assets Restricted by Law or Contract

Source: Truth in Accounting
Latest Data: 2021
Release Timing: Following Year
Frequency: Annual
Contact: Sheila Weinberg, 312-589-5100,

Some of a state's or city's assets are restricted by law or contract and are unavailable to pay bills. These restrictions include external constraints imposed by creditors, grantors, contributors, or other governments as well as internal legal or constitutional provisions. As part of our methodology, the restricted assets (in addition to capital assets) are subtracted from "reported assets" to calculate the "assets available to pay bills."