Adopt swap policy for fiscal year 2020-21

Investment PolicyBudgetResolution

Resolution 135-20

In Plain English

The city needs a formal policy governing financial swaps, which are agreements to exchange payment streams with other parties. This policy sets rules for when and how the city can enter swap agreements. If approved, it establishes guidelines to protect taxpayers from excessive financial risk.

Auto-generated summary. Source: official agenda documents.

Votes

Approve consent calendar

Passed

7 to 0

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