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
Meetings
The 2021 Debt Affordability Advisory Committee Meeting was held on February 24, 2021. The next meeting of the Committee will be held in early 2022.
Members
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 |
Charles Perusse |
Ex Officio |
Indefinite
|
State Budget Officer |
Dr. Linda Combs |
Ex Officio |
Indefinite |
State Controller |
Frank H. Aikmus |
President Pro Tem of Senate |
12/31/2021 |
Asst. VP - Suntrust Bank |
Bradford B. Briner |
President Pro Temp of Senate |
12/31/2019 |
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)
Legislation
Authorizing Legislation:
North Carolina General Statute §142-101 - Debt Affordability Advisory Committee
Related Legislation:
Debt Affordability Studies
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