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The Library District shall not construct or acquire a public facility if it is unable to adequately provide for the identifiable annual operation and maintenance costs of the facility, or it must be disclosed. The Library District will consider coordinating with other local government entities, to the fullest extent possible, so as to minimize the overlapping debt burden to citizens. The Library District will ensure that an adequate system of internal control exists so as to provide reasonable assurance as to compliance with applicable laws, rules, regulations, and covenants associated with outstanding debt. The Library District will market its debt through the use of competitive bid whenever deemed feasible, cost effective, and advantageous to do so. However, it is recognized that, in some situations, certain complexities and intricacies of a particular debt issue are such that it may be advantageous to market the debt via negotiated sale. The Library District shall use the services of outside finance professionals selected using competitive bid.

Credit enhancements (insurance, letters of credit, etc. ) will be used only in those instances where the anticipated present value savings in terms of reduced interest expense exceeds the cost of the credit enhancement. In order to maintain a stable debt service burden, the Library District will attempt to issue debt that carries a fixed interest rate. However, it is recognized that certain circumstances may warrant allegra d zoloft the issuances of variable rate debt. 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 allegra d 24 hour pharmacokinetics existing conditions in the debt market and will refund any outstanding debt when sufficient cost savings can be allegra d zoloft realized.

Outstanding debt will be refunded as allegra d zoloft long as the net present value savings between the refunded allegra d zoloft bonds and the refunding bonds is equal to or greater than three percent without extending the maturity of the debt being allegra d zoloft 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 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 requirements of the federal tax code. This includes tracking investment earnings on bond proceeds, calculating rebate payments in compliance with tax law, and remitting any rebatable earnings to the federal government in a timely manner in order to preserve the tax-exempt status of the Library District’s outstanding and future debt issues. Investment of Bond Proceeds The investment of bond proceeds shall be governed by the Library District’s Investment Policy and any applicable bond covenants. In the event of conflicting policies, the more restrictive policy shall be enforced.