Utah Admin. Code R628-18-4 - General Requirements
Contracts shall be entered into only under the following conditions:
(1) The Governing Board
shall first determine that the Contract or arrangement or a program of
Contracts:
(a) is designed to reduce the
amount or duration of payment, rate, spread or similar risk, or
(b) is reasonably anticipated to result in a
lower cost of borrowing.
(2) Contracts are to be used for the control
or management of debt or the cost of servicing debt and not for
speculation.
Notes
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