NC Treasurer: 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