Title:
|
A Resolution for the purpose of adopting a Debt Management Policy for Prince George’s County to provide guidelines for the issuance of bonds and other forms of indebtedness to finance capital improvements, equipment acquisition and other related services
|
Title
A Resolution for the purpose of adopting a Debt Management Policy for Prince George’s County to provide guidelines for the issuance of bonds and other forms of indebtedness to finance capital improvements, equipment acquisition and other related services
Background
The purpose of this Resolution is to adopt a Debt Management Policy to provide guidelines for the issuance of debt instruments to finance capital improvements, equipment acquisition and other related services. Adopting a Debt Management Policy is a fiscally prudent course of action because it promotes attainment of financial, planning and management objectives; takes a comprehensive approach to accountability; and, sets limits but preserves flexibility.