The Debt Management section of OBM is responsible for managing existing state debt and proposed issuances of new state debt as authorized under Section 126.11 of the Ohio Revised Code. For proposed sales of new state debt, OBM must review and approve each sale including the amount, security, source of payment, structure, and maturity schedule.
- Develops and distributes monthly a coordinated bond sale schedule for state bond issuers.
- With respect to the State's biennial operating budget, establishes and monitors debt service appropriation line items within various agency budgets to ensure that all necessary debt service payment authorizations and associated administrative expenses are included in each budget bill.
- With respect to the State's biennial capital budget, projects the impact of various amounts and types of capital appropriations on the State's debt service expenditures to ensure affordability within the operating budget and compliance with the Constitutional provision limiting annual GRF-backed debt service to five percent of annual GRF revenue plus net state lottery proceeds.
- Coordinates and presents the flow of information to bond rating agencies on the state's debt and overall financial position.
Please read carefully before using the Bond and Investor Relations area of the OBM website. Use of this area of the website constitutes acknowledgment and acceptance of the following terms and conditions:
Information in the Bond and Investor Relations area of this website is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
These web pages contain information relating to debt management and bonds or other obligations of the State of Ohio. The purpose of this section is to provide general information about the State of Ohio, its debt management, and its borrowing programs. The information is provided for quick reference only and is not a summary or a compilation of information for any particular bond issue. It does not purport to include every item which may be of interest, nor does it purport to present full and fair disclosure within the meaning of applicable securities law with respect to any of the matters or programs addressed. Investment decisions should be made only after full review of the official statement and other relevant matters in connection with a particular bond issue.
The Ohio Office of Budget and Management (OBM) maintains the Bond and Investor Relations web pages. OBM has not undertaken nor has any obligation to update any information included on these pages and cannot guarantee the accuracy, timeliness, or completeness of this information. The documents available on these pages set forth information as of their respective dates and the posting of these documents or other information on these web pages does not imply that there has been no change in the affairs of the State of Ohio since the date of posting that information. Any addresses of or links to other websites which may be contained herein are given solely for the convenience of the user only. OBM has not participated in the preparation, compilation or selection of information on any other website, and assumes no responsibility or liability for the contents thereof.