On March 7, 2023, the Local Government Commission adopted updated “Guidelines for the Review and Approval of Debt Applications” for units of local government wishing to issue debt. These guidelines provide a summary of the fiscal management and debt management items that the LGC may consider, and are meant to assist applicants in receiving timely approval of financing requests.
Visit the “Applying for Debt” page of our website for details and for other helpful resources and information related to LGC approval of debt including:
- The LGC Debt Approval Inquiry form that allows you to quickly communicate your questions to LGC staff related to potential projects and debt.
- Flowcharts from the UNC School of Government to help determine which debt is subject to LGC approval.
- Application and audit deadlines for debt requiring LGC approval.