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In those instances, the Library District should attempt to stabilize debt service payments through the use of an appropriate stabilization arrangement. The Library District will continually monitor its outstanding debt in relation to existing conditions in the debt market and will allegra beck versace pics refund any outstanding debt when sufficient cost savings can be realized. Outstanding debt will be refunded as long as the net present value savings between the refunded bonds and the refunding bonds is equal to or greater than three allegra evanston il percent without extending the maturity of the debt being refunded, unless extenuating circumstances would justify a smaller percentage savings (e. The Library District may also refund existing debt for the purpose of revising existing bond covenants to meet particular organizational and/or allegra beck versace pics strategic needs of the Library District when it is advantageous to do so. Disclosure Requirements It is the policy of the Library District to endeavor to provide full and fair disclosure in connection with the initial sale and distribution of its publicly marketed debt instruments and to provide appropriate ongoing secondary market information, in compliance with the requirements of applicable federal and state securities laws, rules, and regulations, including Securities and Exchange Commission Rule 15c2-12. Arbitrage Reporting Finance and Accounting shall establish a system of record keeping and reporting (or procure the services of a company specializing in arbitrage) to meet the arbitrage rebate compliance allegra beck versace pics requirements of the federal tax code. This includes tracking investment allegra beck versace pics earnings on bond proceeds, calculating rebate allegra beck versace pics payments in compliance with tax law, and remitting any rebatable earnings to the federal government in a timely manner in order to preserve the allegra beck versace pics tax-exempt status of the Library allegra beck versace pics District’s outstanding and future debt issues. Investment of Bond Proceeds The allegra beck versace pics investment of bond proceeds shall be beck pics versace allegra governed by the Library District’s Investment allegra beck versace pics Policy and any applicable allegra beck versace pics bond covenants. In the event of conflicting policies, the more restrictive allegra beck versace pics policy shall be enforced. Tax (Revenue) Anticipation Notes - Where their use is judged by the Library/Clerk staff, bond counsel and financial advisor to be prudent and advantageous to the Library District, the District may choose to issue Tax or Revenue Anticipation Notes as a source of interim operating financing. Other - Where their use is judged by the Library/Clerk staff, bond counsel and financial advisor to be prudent and advantageous to the Library District, the District allegra beck versace pics may choose to use other short-term financing tools such as a line of credit or pooled commercial paper programs. The Florida Constitution requires that long-term debt pledged by the full faith and credit of the Library District can only be approved by voter referendum. For debt issues to be placed on the ballot, the Library       Governing Board must approve both the capital and financing proposals. There is no statutory limit on the amount of debt and corresponding tax levy the voters can approve.

It is the Library District’s own policy to manage debt within the guidelines identified in these policies. The Library Director has implemented debt management allegra costa rica allegra dosage weight policies throughout all funds. The Library Director and Finance Director will be responsible for coordinating all debt issuance for the Library District including the use of short-term and long-term financing. The Library Director and Finance Director will be responsible for determining reasonable debt levels for the Library District as part of the annual budget process and capital improvement plan.