DEBT MANAGEMENT

Binding City Policy

BCP-FIN-2.12

Policy

The City's Debt Management Policy sets forth the responsibilities and authorities of the City, the City Debt Manager, the Chief Financial Officer and the Chief Administrative Officer (CAO) in managing the City's debt program.  See full text of the Debt Management Policy.

Responsibility

The City Debt Manager will be responsible for the implementation of this policy.  Any amendments to this policy must be approved by the City Council after seeking the advice of the CAO or designee and the City Debt Manager.

HISTORY

Resolution No. 35451, adopted by City Council October 4, 1995.

Replaced by Ordinance No. 181829, passed by City Council May 14, 2008 and effective July 1, 2008.