Title 5, State Financial Administration

PART I. STATE DEBT MANAGEMENT POLICY [§37C-1] State debt management policy; establishment. (a) The director of finance, with the approval of the governor, shall submit to the legislature a recommended state debt management policy, in accordance with this chapter, at least twenty …

PART II. DEBT AFFORDABILITY STUDY [§37C-11] Definitions. For the purpose of this part: "Ensuing twenty-five fiscal year period" means the twenty-five fiscal years following the submittal of a multi-year program and financial plan to the legislature. "Fiscal years covered by the a…

[§37C-12] Debt affordability study. The director of finance shall submit to the legislature a debt affordability study prior to the convening of the regular session of each odd-numbered year. The director shall submit the study with the multi-year program and financial plan. [L 2…

[§37C-13] Debt affordability study; purpose, information. (a) The purpose of the debt affordability study shall be to provide the legislature with information on the affordability of the future debt planned for the State. (b) The debt affordability study shall include the followi…

[§37C-2] Recommended debt management policy; parameters. The recommended state debt management policy shall be consistent with, but may be more restrictive than, state constitutional provisions and statutes. The recommended state debt management policy shall address the following…

[§37C-3] Debt management policy; duties of the legislature. Upon receipt from the director of finance, the legislature shall consider the recommended state debt management policy. The legislature may establish the policy, with or without modification, by act. [L 2015, c 149, pt o…