State & Local Government Finance Division  

The State and Local Government Finance Division provides the State Treasurer and the Local Government Commission, which is chaired by the State Treasurer, with assistance in fulfilling their statutory obligations with regard to State and local government finance. It is divided into three sections:

• The Debt Management Section counsels and assists local governments in determining the feasibility of a project, the size of the financing, and the most expedient form of financing. Upon approval by the Local Government Commission, the Division handles the sale and delivery of the debt and monitors its repayment. Additionally, all State debt is issued and monitored by this Division.
  
  
• The Fiscal Management Section monitors and analyzes the fiscal and accounting practices of local governments. Results are compiled and presented for use by local governments as a basis of comparison in determining the effectiveness of their financial management. This section also provides technical assistance to local governments and certified public accountants.

• The Capital Facilities Finance Section conducts the business of the North Carolina Capital Facilities Finance Agency.  The Agency provides the benefits of tax-exempt financing to non-profit institutions providing elementary and secondary education, private institutions of higher education and various other entities for special purpose projects serving a public interest.