§ 3.11.030. Purpose of Policy.

The purpose of this debt management policy is to:

A.

Establish parameters for issuing debt.

B.

Provide guidance to decision makers:

a.

With respect to all options available to finance infrastructure, capital projects, and other financing needs.

b.

So that the most prudent, equitable and cost effective method of financing can be chosen.

C.

Document the objectives to be achieved both prior to issuance and subsequent to issuance.

D.

Promote objectivity in the decision-making process.

E.

Facilitate the financing process by establishing important policy decisions in advance.

The District will adhere to the following legal requirements for the issuance of public debt:

A.

The state law which authorizes the issuance of the debt.

B.

The federal and state laws which govern the eligibility of the debt for tax-exempt status.

C.

The federal and state laws which govern the issuance of taxable debt.

D.

The federal and state laws which govern disclosure, sale, and trading of the debt both before and subsequent to issuance.

( Policy No. 8.5, 10-14-2014 ; Res. No. 2018-8-3 , § 1(Exh. A, § 3), 8-28-2018)