Factors. The Commission may consider all of the following factors in determining whether to approve the swap agreement: (1) The nature and amount of the outstanding debt of the governmental unit proposing to enter the swap agreement. (2) The governmental unit's debt management procedures and policies. (3) To the extent applicable, the governmental unit's compliance with the Local Government Budget and Fiscal Control Act. (4) Whether the governmental unit is in default in any of its debt service obligations. (5) The credit rating of the governmental unit.
Appears in 4 contracts
Samples: Interest Rate Swap Agreement, Swap Agreement, Swap Agreement
