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

January 8, 2020,  1:30 p.m. - Debt Affordability Advisory Committee Discussion Meeting

January 28, 2020, 1: 30 p.m. - Debt Affordability Advisory Committee Meeting

All Debt Affordability Advisory Committee meetings are held at the Department of State Treasurer's office at 3200 Atlantic Avenue, Dogwood Conference Room, Raleigh, NC 27604

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

12/31/2019

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

12/31/2020

Attorney

Cecil T. "Tom" Turner

Speaker of House

12/31/2020

CPA

(5 members required for a quorum)

Legislation Policies & Reports