This course is designed to provide an overview of the debt administration process within a government. The course will focus on the reasons governments borrow money, short-term versus long-term debt, the Capital Improvement Program (CIP), debt policy, common types of debt issued and players in the debt process, method of sale, bond documents and continuing disclosure and refunding process. Some of the information included in the course pertains directly to Georgia.

Upon completion of the course, the participant will be able to:

• identify the definitions of long-term and short-term debt

• identify the components of a capital improvement program

• recall the components of a debt policy

• recall the typical methods of financing and common types of debt issued

• recognize the methods of sale

• recognize the players in the debt process

• identify elements of bond documents

• recall the continuing disclosure requirements

• define refunding