The Oregon Municipal Debt Advisory Commission (MDAC) is responsible for providing technical assistance to local governments and state agencies and improving the market for bond issues in Oregon. This web page is intended to be a source of expanded information for bond issues in Oregon.

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Please contact the Debt Management Division of the Office of the State Treasurer at 503-378-4930 or dmd@ost.state.or.us if you have any questions of suggestions for improvements to the web page.

The Tax Cuts and Jobs Act adopted by Congress and signed into law eliminated the ability of municipal issuers to conduct tax-exempt advance refundings of their outstanding tax-exempt bonds as of January 1, 2018. OAR 170-062-0000 governs OST's responsibility for advance refunding and current forward refunding reviews and approvals described in "4. Types of Debt Instruments".

Steps for a Successful Bond Sale

All Steps

Planning/Pocket Checklist

Financing Team

Debt Policy Considerations

Types of Debt Instruments

Method of Sale

Preparing for a Bond Sale

Administering & Accounting of Outstanding Debt

Securities Law Disclosure for Municipal Securities

Resources

Resources compiled from the "Oregon Bond Manual" appendices.

Computations

Continuing Disclosure

Debt Limits

Debt-Related Oregon Administrative Rules (OARs)

Glossary of Terms

Municipal Bond Provisions

Net Debt Calculations

Non-Voter Authorized Debt

Samples

Post Issuance Continuing Disclosure Compliance - Hawkins, Delafield & Wood

Post Issuance Continuing Disclosure Compliance - Linn-Benton CC

Post Issuance Continuing Disclosure Compliance - Mersereau & Shannon

Post Issuance Continuing Disclosure Compliance - Orrick, Herrington & Sutcliffe

Swap Policy – City of Portland

Swap Policy – Port of Portland

Contact Oregon Treasury, Debt Management Division, if you would like a sample of a Debt Policy, Professional Service Agreement, and/or Request for Proposal.

Presentations & Articles

SEC Adopts Rule 15c2-12 Amendments, Press Release 2018-158 (08/2018)

NABL Ban on Tax-Exempt Advance Refundings (NABL, 02/13/2018)

Helpful Links

Municipal Securities Rulemaking Board (MSRB)

Electronic Municipal Market Access (EMMA)

GFOA Debt Management Policy - Best Practices

Rules and Fees

The Debt Management Division charges fees for several of our services. This section contains a listing of all fees charged to other State Agencies related to bond transactions.