Committee On Governmental Debt Management (DEBT)Committee in BriefThe GFOA Committee on Governmental Debt and Fiscal Policy promotes sound financial practices for local, state, and provincial governments. The Committee works on best practices, actively engages with participants in the market to help develop guidelines and updates for its members, and monitors legislative and regulatory activities that impact the ability of state and local governments to continue borrowing in a cost effective manner.
During the past year, the GFOA Committee on Governmental Debt and Fiscal Policy has undertaken projects and addressed a number of important policy issues with the objective of promoting sound financial practices for local, state, and provincial governments. The Committee continued its work on best practices, actively worked with participants in the market to help develop guidelines and updates for its members, and monitored legislative and regulatory activities which would impact the ability of state and local governments to continue borrowing in a cost-effective manner. Best Practices and Advisories in Governmental Debt Management February 2013 Debt Management Committee Background Documents
AGENDA – revised
Agenda
Tax Reform
GFOA et al Dec 2012 letter
Firestine op-ed, December 2012
Briefing Sheet: CAPS!
Federal Focus: Tax Reform
Jim Spiotto – The Renewed Battle Over Tax-Exempt Interest on State and Local Government Debt Obligations
Direct Subsidy Bonds/Payments – Sequestration
Bond Buyer article
GFOA et al letter
SEC Municipal Advisor Rule
Bond Buyer article regarding House Hearing
NAIPFA op-ed
Firestine Testimony, July 2012
Disclosure
GFOA Public Policy Statement Federal Focus: SEC Muni Paper
Link to SEC paper MSRB Rule G-17
GFOA March 2012 Comment Letter MSRB – Retail Order Periods
MSRB Notice GFOA Comment Letter, November 2012 GFOA Comment Letter, April 2012 MSRB – Not Reoffered Rulemaking
Link to Final Rule
GFOA April 2012 Comment Letter MSRB Rule – Financial Conflicts of Interest – FA and UW
GFOA Aug 2012 Comment letter
MSRB Request for Comment About Rulemaking
MSRB Notice
MSRB Proposed Rule on Underwriter Posting Issuer’s POS
Read more
DTCC Fees
GFOA/SIFMA/NAIPFA Letter, October 2012 BASEL III
GFOA et al, October 2012 Letter Volcker Rule
GFOA et al, February 2012 Letter Best Practices
Fees Charged in a Bond Transaction
2/2013 Draft
Bank Loans
Memo
Smaller Issuer Series
Draft - Questionnaire
Draft - Primer BP Harlita Document, June 2012 For Review
ADVISORY – Evaluating the Use of Pension Obligation Bonds
ADVISORY – Need For Considerable Caution in Regard to OPEB Bonds
Best Practice – Investment of Bond Proceeds
Best Practice – Selecting Financial Advisors
Best Practice – Selecting Underwriter in a Negotiated Sale
2012 Annual Conference Material
CHAIR: Ben Watkins, Director, State of Florida - Division of Bond Finance
VICE CHAIR: Dena Diorio, Director of Finance, County of Mecklenburg, NC GFOA Staff: Dustin McDonald, Director, Federal Liaison Center and Susan A. Gaffney MEMBERS OF THE COMMITTEE- Jonas Biery, Debt Manager, City of Portland, OR
- Natalie Brill, Chief of Debt Management/City Administrative Officer, City of Los Angeles, CA
- Jennifer Brown, Director of Budget and Research, City of Sugar Land, TX
- Troy Bruun, Deputy CFO, County of Sedgwick, KS
- Timothy Ewell, Interim Senior Deputy County Administrator, County of Contra Costa, CA
- Thomas Glaser, Vice President, Administrative Affairs & Treasurer, College of DuPage, IL
- Dan Grandcolas, Debt Analyst, City of Kansas City, MO
- Kathy Kardell, Office of Budget and Finance, Hennepin County, MN
- David Keller, Assistant City Manager/CFO, City of Weston, FL
- Tonya Kusmirek, Chief Financial Officer, Dunn County, WI
- Laura Lockwood-McCall, Director, Debt Management Division, Oregon State Treasury
- Tariq Malhance, Chief Financial Officer, County of Cook, IL
- Patrick McCoy, Director of Finance, Metropolitan Transportation Authority, NY
- Lee McElhannon, Director of Finance, Georgia State Finance & Investment Commission
- Rodney Miller, Finance Director, Catawba County, NC
- Julio Morales, Director of Finance, City of Huntington Park, CA
- Katherine Newell, Director of Risk Management, New Jersey Educational Facilities Authority
- Charles Perl, Deputy Chief Financial Officer, San Francisco Public Utilities Commission
- Rick Pernas, Deputy Treasurer, Harford County Government, MD
- Harlita Robinson, Finance Director and Tax Commissioner, City of Forest Park, OH
- Micki Rundell, Chief Financial Officer, City of Georgetown, TX
- Larry Sapp, Finance Manager, Hilton Head Public Service District #1, SC
- Nancy Winkler, City Treasurer and Deputy Finance Director, City of Philadelphia, PA
ADVISORS - Lisa Marie Harris, Senior Vice President, Siebert Brandford Shank & Co., L.L.C., San Diego, CA
- Margaret (Peg) Henry, Senior Vice President and Assistant General Counsel, Jefferies and Company, Inc., New York
- Jennifer Ritter Douglas, Managing Director, Specialized Public Finance Inc., Austin, TX
- Phoebe Selden, Senior Vice President, Acacia Financial Group, Chicago, IL
- Gail Sussman, Managing Director, Moody’s Investors Service, New York
EX-OFFICIOS
- Joe Costello, Executive Director, Regional Transit Authority, Chicago, IL
- Lena Ellis, Finance Director/Chief Financial Officer, City of Fort Worth, TX
- Julia Harper Cooper, Director of Finance, City of San Jose, CA
Additional Resources on Governmental Debt Management Committee Business 2012 2011
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2001-2002
Committee Documents
Other Documents
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