6.54.020 Hedging contracts.
A. Approval of ISDA Agreements. The board of commissioners of the District hereby approves entering into one or more ISDA agreements with one or more counterparties consistent with the risk management policy (each a “District ISDA agreement”). The general manager, or his designee, is hereby authorized to execute and deliver one or more District ISDA agreements by and on behalf of the District. The general manager, or his designee, is further authorized to execute and deliver all confirmations, certificates and other documents as in his judgment may be necessary or desirable from time to time to carry out the terms of, and complete the transactions contemplated by, this section and such District ISDA agreements.
B. Further Authority; Prior Acts. The District officials, their agents, and representatives are hereby authorized and directed to undertake all action necessary or desirable from time to time to carry out the terms of, and complete the transactions contemplated by, this section. All acts taken pursuant to the authority of the resolution codified in this section but prior to its effective date are hereby ratified and confirmed. (Res. 1310 §§ 1, 2, 2011)