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.

Debt Affordability Advisory Committee
The Debt Affordability Advisory Committee's next meeting is scheduled for Jan. 25, 2023 at 2:00pm. Virtual access to the meeting is available via the link below.
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 |
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 |
12/31/2024 |
Attorney |
Donald G. Pomeroy, II |
Speaker of the House |
12/31/2024 |
Retired Business Executive |
(5 members required for a quorum)
Authorizing Legislation:
North Carolina General Statute §142-101 - Debt Affordability Advisory Committee
Related Legislation:
Debt Affordability Study for 2023
Debt Affordability Study for 2022
Debt Affordability Study for 2021
Debt Affordability Study for 2020
Debt Affordability Study for 2019
Debt Affordability Study for 2018
Debt Affordability Study for 2017
Debt Affordability Study for 2016
Debt Affordability Study for 2015
Debt Affordability Study for 2014
Debt Affordability Study for 2013
Debt Affordability Study for 2012
Debt Affordability Study for 2011
Debt Affordability Study for 2010
Debt Affordability Study for 2009
Debt Affordability Study for 2008