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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.

Credit Ratings

The credit-worthiness of the City is measured periodically by Fitch Ratings and Standard & Poor's.

HB 1378 - Debt Obligation Reporting

Municipal Advisory Council of Texas (MAC) Report

The Municipal Advisory Council collects, maintains and distributes information relating to the City's debt.

Official Statement

An Official Statement is a document which informs the investor community when the City issues new debt.