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

Meetings

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

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 Debt Affordability Studies