Adopt annual policy governing interest rate swap agreements
In Plain English
The city uses financial instruments called interest rate swaps to manage borrowing costs on bonds and loans. Federal law requires the city to review and formally approve its swap policy each year. The policy sets rules for when and how the city can enter these agreements to protect against interest rate changes.
Auto-generated summary. Source: official agenda documents.
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5 related items found by meaning
Adopt annual policy governing interest rate swap agreements
Adopt swap policy for fiscal year 2020-21
Approve debt and financial swap policies for fiscal year 2018-19
Authorize preparations for financial agreement to manage future borrowing costs
Adopt financial policies governing city debt, investments, and cash reserves
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