Sarasota County Debt Management Policy - Resolution 2021-184

Sarasota County Debt Management Policy b. Train the Director of Finance on how to formulate the text of any required disclosure. c. Train the Director of Finance on how to determine if a liability is a material financial obligation. d. Determine if training covered any trends or risk factors that might be material to bondholders. 14. Professional Reading for Updates on The Rule Periodically visit websites of organizations, such as follows, for updates on compliance of The Rule: a. Municipal Securities Rulemaking Board, b. Government Finance Officers Association, c. National Federation of Municipal Analysts, d. National Association of Bond Lawyers. F. VOLUNTARY CLOSING AGREEMENT The County is aware of its ability, pursuant to IRS Notice 2008-31, to request a voluntary closing agreement with the IRS to correct failures on the part of the County to comply with the federal tax rules related to tax-exempt debt issuances. G. CONTINUING EDUCATION The County will continue to consult regularly with its Bond Counsel regarding the federal tax rules applicable to its outstanding debt and changes to the federal tax law, and the . County will regularly update these policies and procedures to reflect any such changes. The County shall ensure the Debt Management Team, tasked with bond compliance responsibilities, shall undertake a reasonable amount of continuing education on an annual basis, including but not limited to, consulting with outside professionals, participation in conferences, reading informational updates from governmental resources and professional organizations, and attending webinars through the dissemination agent or others. 37