Financing & Investment Division
The Financing and Investment Division performs all services related to the planning, scheduling, advertising, selling and delivery of general obligation bonds. The Division also performs services directed by the Commission and the issuer regarding guaranteed revenue of debt, manages all other state debt, and handles related financial advisory matters. Additionally, responsibilities include the investment and accounting of all proceeds derived from issuance of general obligation bonds or from other amounts appropriated by the Legislature for capital outlay purposes. Investment earnings are used to retire State General Obligation through open market purchases and/or through initiating bond calls.