School Board of Palm Beach County

RULE TITLE: Debt Management .

RULE NUMBER: Policy 6.085.

PURPOSE AND EFFECT: To set forth guidelines for the issuance and management of debt, including short-term and long-term obligations issued by the School Board and associated financing entities.

SUMMARY: Formalizes guidelines for the issuance and management of the debt of the School District, such as criteria for evaluating and establishing the basis for comparing actual performance results achieved by debt management; facilitating the sound and efficient management of District debt; and providing guidelines for the overall debt management process so that all liabilities are managed in accordance with stated objectives.

SPECIFIC RULEMAKING AUTHORITY: §§ 1001.41(2); 1001.43(2), Fla. Stat.

LAWS IMPLEMENTED: §§ 218.385; 218.415; 1001.41(1); 1001.42(10)(e), (f); 1010.47(2); 1011.12-.16, Fla. Stat, Fla. Stat.

SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COST (OPTIONAL, IF ONE HAS BEEN PREPARED): None. Any person who wishes to provide information regarding a statement of estimated regulatory costs, or to provide a proposal for a lower cost regulatory alternative, must do so in writing within 21 days of the publication of this Notice.

TEXT OF PROPOSED RULE: Is available from the District's web at www.SchoolBoardPolicies.com/revisions.htm.

CONTACT PERSON: Leanne Evans, 3300 Forest Hill Blvd., West Palm Beach, FL 33406.

PERSON ORIGINATING THE PROPOSED RULE: David Moore, Leanne Evans, et al.

SUPERVISOR OR PERSON WHO APPROVED THE PROPOSED REVISION: Dr. Art Johnson.

DATE PROPOSED REVISION WAS APPROVED BY THE SCHOOL BOARD: March 1, 2004.

PROPOSED RULE DEVELOPMENT NOTICE WAS PUBLISHED: February 16, 2004, in The Palm Beach Post.

PUBLIC HEARING NOTICE: Adoption of the proposed rule is anticipated to be considered at the School Board's Special Meeting on Policies on April 19, 2004, anticipated to begin at 5:00 p.m., in the Board Chambers at 3300 Forest Hill Blvd., West Palm Beach, Fla. The meeting is open to the public.