Debt Review Committee2001 South State Street N2-930Salt Lake City, UT 84190385 468-7200/ Email
The purpose of the Debt Review Committee is to review all debt proposals which anticipate that repayment will occur beyond one fiscal year, and to make recommendations regarding the proposed debt to the County Mayor, and the County Council prior to the debt obligation being incurred. The Committee may also review operating revenue and expenditure projections, as well as other financial information deemed necessary in evaluating debt proposals for capital projects.
Debt Review Ordinance
Please send your agenda items to the committee
The next scheduled Debt Review Committee meeting will be in the Budget Hearing room N2-930 on:
Wednesday, June 24th, 2015 at 2:00 PM - Budget meeting room N2-930.
The committee shall be composed of eight members consisting of the mayor’s chief administrative officer, the mayor’s chief financial officer, one member of the council chosen by the council, the council budget director, two members of the county auditor’s office designated by the county auditor, the county treasurer or designee, the district attorney or designee.
District Attorney’s Office
*non-voting members, as presently constituted
The chair of the committee shall be rotated annually among the members representing the county auditor, district attorney and county treasurer. The county’s financial advisor shall serve as a non-voting, ex-officio member of the committee. (Ord. 1527 § 1 (part), 2004) The table below shows the proposed rotation schedule for thru 2017.
It is the policy of the County to charge an application fee to defray some or all of actual costs incurred in conjunction with the conduit-type financing. Since the County is not required by law or policy to authorize such financings, and since such bond issues can consume a great deal of time which would otherwise be allocated to County programs and services paid primarily by County tax-paying citizens, the County has determined it is appropriate for those seeking to benefit from issuance of tax-exempt financing with Salt Lake County as the issuer to be responsible for an appropriate fee to defray certain relevant costs. For fee amount information, please see the
DRC policies section 2.97.070, "Fees imposed."