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Rapid debt repayment is a goal of the Library District’s debt management polices. Each borrowing will be structured to repay principal as rapidly as the amount of the pledged revenue source will allow. Adjustment in repayment time frames may be modified to reflect changes in the interest rate environment, which may argue for shorter or longer retirement plans. The Library District will, at all times, manage its debt and sustain its financial position in order to seek and maintain the highest credit rating possible. The Library District will strive to maintain debt ratios within the median range of benchmarks (based on Moody’s Indicators for counties of similar size). The Library District shall allegra drug interactions topamax 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 allegra drug interactions topamax are such that it may be advantageous to market the debt via negotiated sale. The Library District shall use the allegra dosage for children services of outside finance professionals selected using competitive bid. Credit allegra drug interactions topamax 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 allegra drug interactions topamax attempt to issue debt that carries a fixed allegra drug interactions topamax interest rate. However, it is recognized that certain circumstances may warrant the issuances of variable rate debt. In those allegra drug interactions topamax instances, the Library District should allegra drug interactions topamax attempt to stabilize debt service payments through the use of an appropriate stabilization arrangement. The Library District will continually allegra drug interactions topamax monitor its outstanding debt in relation to existing conditions in the debt market and will 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 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 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 allegra drug interactions topamax 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.