FAQs

Yes! Each year at the regularly scheduled March meeting, the State Bond Commission (SBC) approves the Net State Tax Supported Debt Report that details the State’s various credit types, credit ratings, balances, and the legal ability to issue additional debt. That report can be found under the Helpful Links on SBC’s main webpage. Additionally, check out the Inside the Vault Transparency webpage Treasury maintains for more information on State obligations

Disclosing information to investors is a legally required component for most public market debt. The Municipal Securities Rulemaking Board (MSRB) Education Center includes Resources for Developing Disclosure Documents, which lists additional resources from various municipal market organizations.

Governments often refinance or “refund” outstanding debt to achieve debt service savings or restructure their debt service burden. The Government Finance Officers Association’s (GFOA’s) Best Practices for Refunding Municipal Bonds provides background on considerations and procedures for refunding obligations.