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It's critical to remember that it's the government's liability that is being limited, not that of students.
The government's liability could total billions of dollars.
The government's liability under the act is broad, though certain types of claims are excluded.
The government's liability is an asset for the holders of its bonds: pension funds, mutual funds and individuals.
Because the case presented an important aspect of the still undetermined extent of the Government's liability under the Federal Tort Claims Act, we granted certiorari, 348 U.S. 810, 75 S.Ct.
The AHRC's submission to an inquiry into the bill said it agreed individual employees should gain immunity from civil and criminal liability when exercised in good faith, but the bill should not limit the government's liability.
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Some doubt remains about the true extent of the government's liabilities, thanks to the many spending schemes that do not show up in the budget.
But any potential rise in defaults by local governments that require assistance from Beijing could add to the central government's liabilities, leaving less room for the government to spend money as the Chinese population ages.
But this has done little if anything to improve the way the SOEs (or the state-owned banks) are run, and has done very little either to reduce the government's liabilities.
Last August and September, 54,400 auditors fanned out across the country, quizzing local officials, scrutinising their books and inspecting their pet projects in an effort to tally the Chinese government's liabilities.
The author acknowledges increasing the government's liabilities on such a grand scale now may be insane unrealistic.There also exist new alternatives offered by the private sector, such as retirement-insurance products.
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CEO of Professional Science Editing for Scientists @ prosciediting.com