A debt policy is a formal document governing when, how, for what purposes, and to what extent school districts (or other government agencies) may issue debt. A sound debt policy offers many benefits to schools that want to better manage their capital improvement programs. Districts should engage in competitive bidding for the actual building and site as well, but instituting an effective debt policy can save a school district literally millions of dollars. This describes a set of debt policy elements that are remedies to costly problems, government regulations, or are Wall Street requirements.
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