California Debt and Investment Advisory Commission

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Municipalities have been using debt financing as a tool to build their communities for over a century and throughout this history debt issuance has grown and changed to facilitate the provision of a variety of public benefits. Issuers and investors of municipal debt must consider market conditions, the amount and purpose of the debt, an agency’s credit, as well as many other variables. This variability coupled with so many people involved in the process, creates an environment where members of the issuance team understand their role, but may not understand the process as a whole. Join CDIAC and expert faculty during this three-day seminar on the most essential information needed to understand municipal debt in California.

Debt Basics | 8:00am – 5:00pm | September 27, 2022 | Agenda
Day one of this three-day seminar covers fundamental elements of debt financing, from the core terminology and roles and responsibilities of issuers and their financing team, to the types of debt state and local governments can issue. It is designed to provide municipal financing principles through lecture and short examples and exercises.

Mechanics of a Bond Sale | 8:00am – 5:00pm | September 28, 2022 | Agenda
Day two of this three-day seminar is focused on the preparation, planning, and processes involved in issuing municipal debt. Topics include, but are not limited to, the development of a debt policy and plan of finance, structuring debt service payments, managing the costs of issuance, and the development of legal documents.

Ongoing Administration | 8:00am – 3:45pm | September 29, 2022 | Agenda
Day three of this three-day seminar is designed to provide government officers with the knowledge needed to manage continuing disclosure responsibilities, post-issuance filing and reporting, and compliance with federal arbitrage rules.

Seminar Presentation Materials

Printed versions of the session presentations are not provided. PDFs of the combined presentations can be accessed below and printed.

PDFs for individual sessions are listed below.

Recommended Readings

Seminar Information