Helping local governments invest in critical projects using bonds
Used wisely, public debt helps to improve the quality of life for
Oregonians today and in the future. Public bonding boosts the economy
by creating construction jobs in the short term, while building and
modernizing roads, schools, and vital public facilities to benefit
generations to come.
The Debt Management Division approves issuance of all bonds for state
agencies, and helps local governments to make good borrowing decisions
that reduce costs and protect credit scores – which help determine
Through the Municipal Debt Advisory Commission, Treasury acts as the
clearinghouse for bond data, bond calendars, and the online Oregon Bond
Education Center. The division provides technical support to local
governments, offers training on selected debt-related topics, and
created an online manual to help government officials plan and execute
successful bond sales.
If you are from a community not-for-profit entity and want to learn
more about tax-exempt bonds for real estate or projects, you can learn
more from the Oregon Facilities Authority, which is overseen by a separate board.
Debt Tracking and Reporting
Per state law ( ORS 287A.640 ), public bodies shall give prior notice of proposed issuance of new
bonds to the Oregon Municipal Debt Advisory Commission (MDAC).
Completing the MDAC Forms ensures compliance with state law ORS
Local government pension obligation bonds (POBs) issued after July 1, 2019 must comply with SB 1049 (2019 Regular Legislative Session), Sections 22-26. OAR 170-061-0000 was amended to meet the law's new requirements. For more information, read the article on page 6 of the July 2019 “Inside the Vault” Local Government Edition.
The MDAC debt database collects data on Oregon local government
loans to enhance transparency, generate more accurate overlapping
debt reports, and provide investors and citizens with pertinent
information. Information may be submitted to our office using the
If you are using Google Chrome or Mozilla Firefox as your browser
and are having trouble accessing the MDAC Form - 2L, ensure you
have the latest version of Adobe Reader installed, right click the
link above, Save Link As to your local system, then open the file.
Overlapping Debt Reports
The Overlapping Debt Report Request Form is a tool used in determining a district's overall debt burden. It includes its own debt and the responsible portion of debt of other overlapping governmental units.
Agreement for Exchange of Interest Rates
MDAC OAR 170-060-1010
– Terms, Conditions, and Reporting Requirements for an
Agreement for Exchange of Interest Rates
MDAC Form 3
– Reporting of Agreement for the Exchange of Interest Rates
Oregon Bond Calendar
Oregon Bond Calendar is a schedule of all upcoming state and local bond sales. Its purpose
is to enable state agencies and local governments to minimize
scheduling conflicts that may impact the marketability of their issues.
The calendar contains information regarding bond sales, bond indices,
bond election information, and selected bond calls and redemptions.
Oregon Bond Index
Oregon Bond Index charts Oregon municipal bond interest rates.
Oregon Bond Elections
The office of the Oregon Secretary of State tracks all recent and upcoming bonds elections as well as historical data across the State of Oregon.
Oregon Bond Education Center
The Oregon Bond Education Center is intended to assist Oregon local governments with the process of
issuing and managing debt. It is based on federal law, Oregon Revised
Statutes (ORS), the Oregon Constitution, MDAC Administrative Rules, and
current practices in the State. Information has been generalized for
any issuing district with the term “municipality” to include any local
Nancy Brewer, Chair
League of Oregon Cities
Oregon School Board Association
Special Districts Association
Association of Oregon Counties
Meeting Dates, Agendas, and Minutes
Fees for local debt management services
The Debt Management Division charges fees for several of our
services. This section contains a
listing of fees charged to Local Government Agencies related to bond transactions.
Call us at (503) 378-4930 or by e-mail at email@example.com