It is the policy of the BOCC for the County to plan issuance of general obligation bonds supported by property taxes according to the following guidelines:

1. General obligation bonds supported by property taxes should be used to finance only those capital improvements and long-term assets which have been determined to be essential to the maintenance or development of the County.
2. General obligation bonds supported by property taxes should be used only after considering alternative funding sources, such as federal and state grants and other revenues.
3. Excess balances in completed project accounts should be utilized as a substitute for new debt issues to fund projects that have been approved by the BOCC.