Adopt swap policy for fiscal year 2020-21
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
7 to 0
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