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 DMDGroup@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
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 compiled from the "Oregon Bond Manual" appendices.
Debt-Related Oregon Administrative Rules (OARs)
Glossary of Terms
Municipal Bond Provisions
Net Debt Calculations
Non-Voter Authorized Debt
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)
Municipal Securities Rulemaking Board (MSRB)
Electronic Municipal Market Access (EMMA)
GFOA Debt Management Policy - Best Practices
Rules and Fees
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.