File #: 23-278    Version: 1 Name:
Type: Resolution Status: Passed
File created: 7/6/2023 In control: Audit and Finance Committee
On agenda: Final action: 7/10/2023
Title: ADOPTING A DEBT POLICY FOR ALBANY COUNTY
Sponsors: Audit and Finance Committee
Attachments: 1. 1. DebtPolicy-RLA-Letter, 2. 2. 4118 RLA Form, 3. 3. DebtPolicy-3.9.23, 4. 4. GENERAL OBLIGATION BOND - Debt Policy-23420525 - 4-27-23 revised, 5. 5. GENERAL OBLIGATIONS BOND - Debt Policy 7.5.23 Final, 6. 23-278 AF 2 - TMP-4118 - Debt Policy

RESOLUTION NO. 278

 

ADOPTING A DEBT POLICY FOR ALBANY COUNTY

 

                     Introduced: 7/10/23

                     By Audit and Finance Committee:

WHEREAS, The Commissioner of the Department of Management and Budget  has recommend that Albany County establish a debt policy in order to provide clear parameters regarding the issuance and management of debt for Albany County, and

 

WHEREAS,  The Commissioner has indicated that an Albany County Debt Policy will help ensure that all debt issued by Albany County is issued both prudently and cost effectively, and adherence to said policy is essential to ensure that the County maintains a sound debt position and protects the credit quality of its obligations, now, therefore, be it

 

                     RESOLVED, By the Albany County Legislature that the Debt Policy, annexed hereto, is hereby adopted, and, be it further

                     

                     RESOLVED, That the Clerk of the County Legislature is directed to forward certified copies of the resolution the appropriate County Officials.