Legal Documents of Mountain City

Code of Mountain City

Table of Contents » Title 5 Municipal Finance and Taxation » Chapter 6 Debt Management Policy » § 5-601 Introductory statement.
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Title 5
5-1
Title 5, Chapter 1
5-101
§ 5-101
Mountain City
Title 5 : Municipal Finance and Taxation
Chapter 6 : Debt Management Policy

5-601 : Introductory statement.

In managing its debt (defined herein as tax-exempt or taxable bonds, capital outlay notes, other notes, capital leases, interfund loans or notes and loan agreements), it is the town's policy to:

  1. Achieve the lowest cost of capital within acceptable risk parameters;
  2. Maintain or improve credit ratings;
  3. Assure reasonable cost access to the capital markets;
  4. Preserve financial and management flexibility; and
  5. Manage interest rate risk exposure within acceptable risk parameters. (Ord. #1269, Jan. 2012)