Legal conditions limiting the possibility of acquiring financing by local government entities. Current state and proposed changes

The study primarily focuses on an attempt to answer the question formulated below:
Is the currently functioning system of legal limitations applied in relation to the possibility of acquiring sources of refundable financing by local government entities justified?

The presented study is primarily an analysis of the currently applicable legal solutions from the perspective of borrowing needs of local government entities in the area of financial law as of 1 May 2018. The aim of this study is to present the barriers to the possibility of entering into financial commitments by local government entities within the national regulatory environment, their criticism and de lege ferenda conclusions together with proposed solutions.