This Note examines the Full Faith and Credit Clause of the United
Part I explores the Full Faith and Credit Clause, its current judicial
Full Faith and Credit shall be given in each State to the public Acts, Records, and judicial Proceedings of every other State.
A careful reading of the Full Faith and Credit Clause reveals that the Constitution empowers Congress, not the Supreme Court, to declare the effect of one state's laws on the laws of her sister states.
Danny Wall decided not to seek an attorney general's opinion on the full faith and credit question but, rather, to repeat his request for legislation.
In January 1989, House Banking Committee members, disturbed by the cost of the FSLIC's year end deals, considered introducing a resolution that FSLIC assistance obligations were not backed by the full faith and credit.
The authority's 'AAA' bond rating reflects the security provided by a pledge of the County's full faith and credit
, and taxing power.
Florida's full faith and credit
bonds also carry a pledge of specific taxes for each type of debt.
2 billion are outstanding, are full faith and credit obligations of the state, secured by gross receipts taxes constitutionally required to be deposited in the public education capital outlay and debt service trust fund.
The credit considerations for bonds of the State of Florida must take into account not only general characteristics of its debt, financial and economic positions, but also the legal dedications of specific taxes for each type of debt, in addition to the full faith and credit pledge.
The obligations are payable from premium payments made by Prince George's County backed by its full faith and credit
and unlimited taxing power.
According to Moody's, "The full faith and credit
of the state, with its substantial economic resources and moderate debt, provide strong support for these bonds.