Arbitrage Policies and Procedures
Treasurer of State Arbitrage Policies and Procedures Disclosure Policy
The below linked Municipal Securities Disclosure Policy has been adopted by the Office of Budget and Management (OBM). OBM, in coordination with the issuers of publicly-offered municipal debt backed by State of Ohio revenue (the Ohio Public Facilities Commission and Treasurer of State), is establishing this Policy to ensure the State of Ohio is meeting its obligation under SEC regulations in regards to proper disclosure practices.
Debt and Interest Rate Risk Management Policy
The attached state of Ohio Debt and Interest Rate Risk Management Policy (the Policy) has been adopted by the Office of Budget and Management and the two issuers of debt backed by state revenue - the Ohio Public Facilities Commission and the Treasurer of State. The Policy ensures coordination and consistency in the issuance and management of state debt and related derivative products.
Debt and Interest Rate Risk Management Policy
Updated August 27, 2019
Allowable Capital Expenditure Guidelines
The Ohio Revised Code and each state capital bill set forth the allowable uses of capital funds. The Allowable Capital Expenditures Guidelines summarizes these appropriate uses and provides the following information:
- A definitional overview of capital
- Joint/Cooperative Use Agreements
- Renovations versus Maintenance/Repairs
- Lease, Lease-Purchase, and Installment Purchases
- Allowable Equipment and Furnishings
- Non-Allowable Equipment and Furnishings
- Information Technology (IT) System Projects
- Allowable Hardware, Software, and Personnel Expenses
- Non-Allowable Training and Maintenance, Software, and Personnel Expenses
- Contact Information
Allowable Capital Expenditures Guidelines
Updated June 2018
Disclosure Policy
The below linked Municipal Securities Disclosure Policy has been adopted by the Office of Budget and Management (OBM). OBM, in coordination with the issuers of publicly-offered municipal debt backed by State of Ohio revenue (the Ohio Public Facilities Commission and Treasurer of State), is establishing this Policy to ensure the State of Ohio is meeting its obligation under SEC regulations in regards to proper disclosure practices.
OBM Municipal Securities Disclosure Policy
Updated March 2020
Post Issuance Compliance
Post Issuance Compliance Training
Training For Managers of Bond-Funded Programs
- Identify agency/capital program manager roles and responsibilities as they relate to:
- Bond issuance (program descriptions, spending projections, private management contracts)
- Managing project spending and use of bond proceeds
- Records retention
- Review federal tax law and state law requirements with respect to tax-exempt bonds
- Demonstrate how your activities can help the State ensure compliance
Post Issuance Compliance Training
Updated May 2018
Post Issuance Compliance Procedures
Updated November 2018
