About GSFIC
The Georgia State Financing and Investment Commission, created by Constitutional Amendment in 1972, is responsible for the proper application of proceeds from general obligation debt and the issuance of all public debt by the State. No agency or authority can incur debt or employ other financial or investment advisory counsel, without Commission approval. The Commission consists of the Financing and Investment Division and the Construction Division.
The Financing and Investment Division is responsible for the planning, scheduling, selling, and delivery of general obligation bonds and the investment and accounting of all proceeds from the issuance of such bonds or from other amounts appropriated by the Legislature for capital outlay purposes. Other important duties include preparing the Debt Management Plan and Debt Affordability Study, monitoring agencies' expenditures of bond proceeds for compliance with federal tax regulations, and the early retirement of state debt.
The Construction Division provides all the support services for the Commission and is responsible for disbursing bond proceeds and for managing all capital outlay projects funded, all or in part, with bond proceeds. The Construction Division provides the following services for State Agencies:
- The State ADA Coordinator’s Office
- Procurement Services
- Construction Services