Adopt annual policy governing interest rate swap agreements
Interest Rate Swap PolicyBudgetResolution
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.
Related agenda records
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