Skip to main content

Municipal Debt Advisory

Municipal Debt Advisory

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 interest rates.

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.


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 287A.640.

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 form below.

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.

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

The  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

The Oregon Bond Index charts Oregon municipal bond interest rates.  

Oregon Bond Elections

The Debt Management Division tracks all  recent and upcoming municipal bond elections 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 government unit. 

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.

Federal Compliance

Commission Members 

  • Nancy Brewer, Chair
    League of Oregon Cities

  • Laura Lockwood-McCall
    Treasurer's Designee

  • Nick Hogan
    Oregon School Board Association

  • Paul Matthews
    Special Districts Association

  • Christine Reynolds
    Public Member

  • Bryce Stadick
    Public Member

  • Laurie Steele
    Association of Oregon Counties

Meeting Dates, Agendas, and Minutes


January 23


November 28

March 13


November 9
May 10
March 7

Annual Reports

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.

Your browser is out-of-date! It has known security flaws and may not display all features of this and other websites. Learn how