State Debt & DAAC

The State Debt Section and the Debt Affordability Advisory Committee

The State Debt Section of the State and Local Government Finance Division is responsible for the oversight, issuance, and management of all debt obligations for the state, including the Connect NC and Build NC bonds. It is an integral component to protecting and preserving the state’s highly coveted “AAA” bond rating. The Section also staffs the State’s Debt Affordability Advisory Committee and drafts an annual Debt Affordability Study which provides the Governor and the General Assembly with an overview of the State’s debt load and borrowing capacity.

Read more about The State Debt Section

Photo of the State Capital in Raleigh

Debt Affordability Advisory Committee

Tab/Accordion Item

The Debt Affordability Advisory Committee met on  Tuesday, January 25, 2022 at 1:30 p.m.  Audio of the meeting is available below.

Jan. 25, 2022 DAAC Meeting Audio

Name & Position

Appointed By

Expiration Date

Occupation

Dale R. Folwell, CPA Chairperson

Ex Officio

Indefinite

State Treasurer

Beth Wood 

Ex Officio

Indefinite

State Auditor

Ronald Penny

Ex Officio

Indefinite

Secretary of Revenue

Kristin Walker

Ex Officio

Indefinite

State Budget Officer

Nels Roseland

Ex Officio

Indefinite

Nominated State Controller

Frank H. Aikmus

President Pro Tem of Senate

12/31/2023

Asst. VP - Suntrust Bank

Bradford B. Briner

President Pro Temp of Senate

12/31/2023

Director of Real Assets Willet Advisors

Eugene "Gene" Chianelli, Jr.

Speaker of the House

12/31/2022

Attorney

Donald G. Pomeroy, II

Speaker of the House

12/31/2022

CPA

(5 members required for a quorum)