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<br />• <br />• <br />POLICY FOR INSERTION INTO THE POLICY MANUAL <br />MEETING DATE: September 13. 1984 NUMBER: P:0060 <br />EFFECTIVE DATE: September 13, 1984 .REVISIONS: <br />POLICY• <br />GENERAL OBLIGATION BONDS <br />The issuance of general obligation bonds under the net debt <br />reduction rules by Orange County shall be excercised only <br />when there exists a health, safety and welfare. hazard and/or <br />to construct a capital facility needed to protect the health, <br />safety, and welfare from emergency conditions. <br />• <br />