Specifications include, but are not limited to: issue and refinance its debt obligations to minimize market costs and maximize economic savings, while maintaining prudent levels of risk and optimal flexibility. To achieve these goals, the City will consider alternative forms of debt issuance and structuring or restructuring when issuing new debt or refinancing existing debt, provided such options are consistent with applicable State and Federal statutes and regulations and City policies. Future City obligations may include general obligation bonds, highway user revenue bonds, water revenue bonds, wastewater revenue bonds, excise tax revenue bonds, airport revenue bonds, and other forms of debt and refunding obligations issued by the City or by nonprofit corporations acting as issuers on behalf of the City. Debt may be issued as long-term fixed rate taxable or taxexempt bonds, variable rate obligations, and commercial paper or revolving credit facilities. Use of interest rate swaps or other applicable derivative products also may be considered.
