Legal Documents of Rocky Top
Code of Rocky Top
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Code of Rocky Top
Title 5 Municipal Finance and Taxation
Chapter 6 Debt Policy
Title 5 Municipal Finance and Taxation
Chapter 6 Debt Policy
Rocky Top
Title 5 : Municipal Finance and Taxation
Chapter 6 : Debt Policy
5-601 : Purpose and goal.
- The purpose of this debt policy is to establish a set of parameters by which debt obligations will be undertaken by the City of Rocky Top, Tennessee. This policy reinforces the commitment of the city and its officials to manage the financial affairs of the city so as to minimize risks, avoid conflicts of interest and ensure transparency while still meeting the capital needs of the city. A debt management policy signals to the public and the rating agencies that the city is using a disciplined and defined approach to financing capital needs and fulfills the requirements of the State of Tennessee regarding the adoption of a debt management policy.
- The goal of this policy is to assist decision makers in planning, issuing and managing debt obligations by providing clear direction as to the steps, substance and outcomes desired. In addition, greater stability over the long-term will be generated by the use of consistent guidelines in issuing debt. (Ord. #467, Jan. 2012)
Date Last Updated: 09/01/2025
Codification Date: 09/01/2025
Officials at Date of Last Codification:
Mayor - Kerry Templin
Council Member - Keith Daniels
Council Member - Richard Duff
Council Member - Jeff Gilliam
Council Member - Joe Tackett
Recorder - Amanda Daugherty