Refreshing Recollection: Cities. Special Districts. Required Debt Report.

The bill: HB 1378 (2015)

The information local governments have to provide to the Office of the Comptroller:

• amount of all authorized debt
• the principal of all outstanding debt
• the principal of each outstanding debt
• combined principal and interest required to pay all outstanding debt obligations
• amount of debt secured by ad voloreum bonds
• credit rating
• amount of debt per capita

Reporting deadline: 210 days after the end of the local government’s FY16

Which local governmental entities are required to comply?

• counties
• cities
• school districts
• junior college districts
• special purpose districts
• other subdivisions of state government

Comptroller | HB 1378: Local Government Debt Transparency