Sarasota County Debt Management Policy - Resolution 2021-184

Sarasota County Debt Management Policy c. The bonds sold in authorized denominations of one hundred thousand dollars ($100,000) minimum denominations, or more, and mature in nine months or less from initial issuance. d. The bonds were issued prior to July 1995 (or prior to December 1, 2010 for certain "puttable" securities). 4. Inventory Existing Financial Obligations Create a spreadsheet or a database to: a. Maintain an inventory of all existing financial obligations, and planned borrowings, on a spreadsheet by using the County's Annual Comprehensive Financial Report as a starting point. b. Maintain an inventory of relevant material covenants, and any other provisions (e.g., events of default, remedies, priority rights), to be in a position to timely identify events which will need to be reported. c. Review the inventory for the occurrence of a default, event of acceleration, termination event, modification of terms, or other similar events under the terms of the financial obligation. 5. Monitor CDA's Have a clear understanding and watch for new instances of: a. Any new language that will be included in CDAs. b. What is posted on EMMA. c. What the County has promised to do in CDAs. 6. Determine if a Liability is a Financial Obligation Review new contracts or agreements for the following: a. Determine if a new contact or agreement is a financial obligation for purposes of The Rule. 33