§ 2-517. Hedge agreements.

Latest version.
  • With the approval of the city commission, the city may enter into one (1) or more hedge agreements, including interest rate agreements; provided, however, the finance director, or any other official responsible for making and managing such hedge agreement(s), shall have developed sufficient understanding of the hedge agreement(s) and have the expertise to manage the hedge agreement(s).

(Ord. No. 2003-35, § 1, 12-2-03)