Bond & Debt Information
The debt management division of the Office of State Treasurer is responsible for managing the borrowings of the State, its agencies, and certain authorities. Generally, these borrowings are to finance authorized construction projects, refinancing of a previous borrowing, or, for some other authorized purpose. Borrowing for public purposes is a complex and comprehensive process through which capital and other needs are funded through the creation of long-term debt (or occasionally short term debt). It is essential that the State, its agencies, and certain authorities borrow funds as efficiently and effectively as possible by securing the lowest rates and fees, while ensuring that the investment of the lenders, investors, and bondholders is protected and secured.
Annual State Debt Reports
The “Initial Form” is used to define a proposed debt project and is completed in anticipation of State Fiscal Approval Authority (SFAA) approval. (** This form should be completed for ALL debts that are to be approved by the SFAA **)
The “Final Form” is used to report on actual Cost of Issuance (COI) expenses and should be completed and submitted to the Office of State Treasurer (STO) upon the final COI expense associated with the debt. On the 6 month anniversary of the date in which a debt was approved by the SFAA, the STO will contact the entity for which the debt was approved to obtain a status update on this form. (** This form should be completed for ALL debts that have been approved by the SFAA **)