Sentence examples for approval to borrow from inspiring English sources

General Motors' trip through bankruptcy picked up speed on Thursday when a federal bankruptcy judge quickly granted approval to borrow the full $33.3 billion of financing made available by the government.

Those bonds would be the first part of a 10- to 20-year plan that could include later returning to voters for approval to borrow tens of billions more.

Tower Automotive, the world's largest maker of vehicle frames, won court approval yesterday to borrow as much as $725 million to pay suppliers and employees during bankruptcy and pay off an old loan.

The ministry has approval from Parliament to borrow eight trillion yen from banks in the fiscal year ending in March 2001.

But county lawmakers immediately rejected the biggest component of Mr. Gulotta's plan that requires their approval: his request to borrow the remaining $54 million of the county's share of the nation's tobacco settlement.

About Sept. 30, the $3.1 trillion limit on the national debt will be reached, and the Treasury Department must seek Congressional approval to keep borrowing.

The Energy Department's approval was required for Solyndra to borrow any new funds, because if the loan was consummated, the federal government would have to surrender its status as the most senior lender, in favor of the new lender.

By declaring a state of financial emergency, the government is able to borrow funds without approval from the state legislature.

Not in Mr Brown's heart it isn't.On one level, Mr Brown opposes the proposal to allow new hospitals to borrow without Treasury approval in order to expand and develop new services.

Mr. Pataki is apparently withholding his support for a final budget deal until the Democratic speaker of the State Assembly, Sheldon Silver, agrees to back a plan that would strictly limit the state's ability to borrow without voter approval.

The Obama administration must periodically come to Congress for authorization to raise the national debt limit; without such congressional approval, the government loses its authority to borrow money.