§ 3.11.060. Conditions for Debt Issuance.

The following guidelines formally establish parameters for evaluating, issuing, and managing the District's debt. The guidelines outlined below are not intended to serve as a list of rules to be applied to the District's debt issuance process, but rather to serve as a set of practices to promote prudent financial management.

In issuing debt, the District's objectives will be to:

A.

Achieve the lowest cost of capital.

B.

Ensure ratepayer equity.

C.

Maintain the adopted credit rating strategy, or a more effective credit rating strategy, and access to credit enhancement.

D.

Preserve financial flexibility.

( Policy No. 8.5, 10-14-2014 ; Res. No. 2018-8-3 , § 1(Exh. A, § 6), 8-28-2018)