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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.
Electric Utility Continuing Disclosure(167.1 KB)
General Obligation Continuing Disclosure(377.3 KB)
Water & Sewer Utility Continuing Disclosure(232.6 KB)

Credit Ratings

The credit-worthiness of the City is measured periodically by Fitch Ratings and Standard & Poor's.
Fitch Electric Utility Revenue Bond Rating Report(4.03 MB)
Fitch General Obligation Bond Rating Report(517.4 KB)
Fitch Water & Sewer Revenue Bond Rating Report(2.23 MB)
S&P Electric Utility Revenue Bond Rating Report(2.37 MB)
S&P General Obligation Bond Rating Report(354 KB)
S&P Water & Sewer Revenue Bond Rating Report(2.1 MB)

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(95.6 KB)
General Obligation Texas Municipal Report(127.6 KB)
Water & Sewer Texas Municipal Report(90.4 KB)

Official Statement

An Official Statement is a document which informs the investor community when the City issues new debt.
Electric Utility Official Statement(2.07 MB)
General Obligation Official Statement(2.5 MB)
Water & Utility Official Statement(1.83 MB)