Orange County NC Website
M Z~ ~~ <br />16. Investment earnings on capital funds, after subtracting required or potential arbitrage, will be used <br />for project costs and/or debt service. <br />Bond Ratings <br />17. The County will maintain good communications with bond rating agencies about its financial <br />condition and will follow a policy of full disclosure on every financial report and offering statement. <br />18. The County will strive to maintain bond ratings at or better than Aal (Moody's) and AA+ <br />(Standard & Poor's). <br />Enterprise Funds <br />19. For any Enterprise Fund that is supporting debt, an annual rate study will be performed to ensure <br />that the fees or rates are sufficient to meet the debt service requirements. <br />