special district

A political subdivision that is created to bypass normal borrowing limitations, to insulate certain activities from traditional political influence, to allocate functions to entities reflecting particular expertise, and to provide a single service within a specified area [a transit authority is a special district]. [Cases: Municipal Corporations 2. C.J.S. Municipal Corporations §§ 7–9.]

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词条贡献者

译者张文，国际知名商学院金融专业，擅长翻译各种与结构性融资及衍生品诉讼相关的法律文件。