Long Term Debt
Long term debt is issued to finance the Capital Improvement Program. The City of Garland issues General Obligation Bonds, Electric Utility System Revenue Bonds and Water & Sewer Utility System Revenue Bonds.
Continuing Disclosure
As an issuer of debt, the City is obligated to meet continuing disclosure standards in compliance with the SEC Rule 15c2-12.
Electric Utility Continuing Disclosure(243.5 KB)
General Obligation Continuing Disclosure(330.1 KB)
Credit Ratings
The credit-worthiness of the City is measured periodically by Fitch Ratings and Standard & Poor's.
Fitch Electric Utility(4.86 MB)
Fitch General Obligation(2.71 MB)
Fitch Water & Sewer Utility(2.4 MB)
S & P Electric Utility(3.76 MB)
S & P General Obligation(3.25 MB)
S & P Water & Sewer Utility(2.67 MB)
S & P Electric Commercial Paper(259.1 KB)
Debt Information
Debt Information by Series(39.6 KB)
Debt Service Amortization(654 KB)
Debt Transparency Pledge(39.5 KB)
HB 1378 - Debt Obligation Reporting
2017 Local Debt Report(127.5 KB)
Municipal Advisory Council of Texas (MAC) Report
The Municipal Advisory Council collects, maintains and distributes information relating to the City's debt.
Electric Utility Texas Municipal Report(142.3 KB)
Official Statement
An Official Statement is a document which informs the investor community when the City issues new debt.
Electric Utility Official Statement(1.64 MB)