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.
Debt Information
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.