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Arbitrage Policies and Procedures

Treasurer of State Arbitrage Policies and ProceduresDisclosure 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 publically-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.

Updated July 2015

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 September, 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  

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 publically-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 July 2015

Post Issuance Compliance

Post Issuance Compliance Procedures  

Updated November 2018

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