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To promote sound debt management practices, Tennessee Comptroller Justin P. Wilson is encouraging the state’s cities and counties to share what works best for them.
Wilson is asking for comment on a draft statement on debt management.
The draft is based on four guiding principles for Tennessee governmental debt issuers to consider while developing their own policies.
These principles are understanding transactions, explaining to citizens what is being considered, avoiding conflicts of interest and disclosing costs and risks.
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