Capital Debt Affordability Committee

The Capital Debt Affordability Committee, created pursuant to Section 8-104, et seq., of the State Finance and Procurement Article, is required to submit to the Governor and the General Assembly each year an estimate of the maximum amount of new general obligation debt that prudently may be authorized for the next fiscal year. The Committee is also charged with making a recommendation regarding additional funding for school construction and is required to submit an estimate of the amount of new academic facilities bonds that prudently may be authorized.

Calendar Year 2022

2022 Report of the Capital Debt Affordability Committee

Calendar Year 2022 Meeting Materials

October 19, 2022 Meeting Materials
October 14, 2022 Meeting Materials
October 11, 2022 Meeting Materials

Calendar Year 2021

2021 Report of the Capital Debt Affordability Committee

Calendar Year 2021 Meeting Materials

2021 CDAC Recommendation
October 18, 2021 Meeting Materials
October 14, 2021 Meeting Materials
October 4, 2021 Meeting Materials

Calendar Year 2020

2020 Report of the Capital Debt Affordability Committee

Calendar Year 2020 Meeting Materials

October 19, 2020 Meeting Materials
October 14, 2020 Meeting Materials
October 8, 2020 Meeting Materials

Calendar Year 2019

2019 Report of the Capital Debt Affordability Committee

Calendar Year 2019 Meeting Materials

October 17, 2019 Meeting Materials
October 10, 2019 Meeting Materials
October 2, 2019 Meeting Materials

Calendar Year 2018

2018 Report of the Capital Debt Affordability Committee
Calendar Year 2018 Meeting Materials

September 26, 2018 Meeting Materials
September 12, 2018 Meeting Materials
September 5, 2018 Meeting Materials

Calendar Year 2017

2017 Report of the Capital Debt Affordability Committee
Calendar Year 2017 Meeting Materials

September 29, 2017 Meeting Materials
September 18, 2017 Meeting Materials
September 6, 2017 Meeting Materials

Calendar Year 2016

2016 Report of the Capital Debt Affordability Committee
Calendar Year 2016 Meeting Materials

September 28, 2016 Meeting Materials
September 15, 2016 Meeting Materials
September 7, 2016 Meeting Materials

Calendar Year 2015

2015 Report of the Capital Debt Affordability Committee
Calendar Year 2015 Meeting Materials

September 30, 2015 Meeting Materials
September 16, 2015 Meeting Materials
September 2, 2015 Meeting Materials

Calendar Year 2014

2014 Report of the Capital Debt Affordability Committee
2014 CDAC Recommendation
Calendar Year 2014 Meeting Materials

October 1, 2014 Meeting Materials
September 17, 2014 Meeting Materials
August 26, 2014 Meeting Materials

Calendar Year 2013

2013 Report of the Capital Debt Affordability Committee
Calendar Year 2013 Meeting Materials

November 15, 2013 Meeting Materials
September 25, 2013 Meeting Materials
September 12, 2013 Meeting Materials
July 31, 2013 Meeting Materials

Calendar Year 2012

2012 Report of the Capital Debt Affordability Committee
Calendar Year 2012 Meeting Materials

October 17, 2012 Meeting Materials
October 1, 2012 Meeting Materials
September 24, 2012 Meeting Materials
August 22, 2012 Meeting Materials
July 16, 2012 Meeting Materials

Calendar Year 2011

2011 Revised CDAC Recommendation – December 19, 2011
2011 Report of the Capital Debt Affordability Committee – September 2011
Calendar Year 2011 Meeting Materials

December 19, 2011 Meeting Materials
September 21, 2011 Meeting Materials
September 13, 2011 Meeting Materials
August 12, 2011 Meeting Materials

Calendar Year 2010

2010 Report of the Capital Debt Affordability Committee – September 2010
2010 CDAC Recommendation – September 22, 2010
Calendar Year 2010 Meeting Materials

September 22, 2010 Meeting Materials
August 11, 2010 Meeting Materials
July 19, 2010 Meeting Materials
June 9, 2010 Meeting Materials

Calendar Year 2009

2009 Revised CDAC Recommendation – December 18, 2009
2009 Report of the Capital Debt Affordability Committee – September 2009
2009 CDAC Recommendation – September 3, 2009

Calendar Year 2009 Meeting Materials

December 18, 2009 CDAC Meeting Materials
September 3, 2009 CDAC Meeting Materials
August 5, 2009 CDAC Meeting Materials
July 14, 2009 CDAC Meeting Materials
May 26, 2009 CDAC Meeting Materials

Calendar Year 2008

2008 Report of the Capital Debt Affordability Committee

Calendar Year 2007

2007 Report of the Capital Debt Affordability Committee

Calendar Year 2006

2006 Report of the Capital Debt Affordability Committee

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Maryland State Treasurer’s Office 

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Amendment #2

Questions & Answers #1

Questions & Answers #2 (2 of 2)



The State Treasurer’s Office (“STO”) is an agency of the State of Maryland. Information on Maryland State General Obligation Bonds will be available to you after you read and acknowledge this disclaimer. The Official Statements linked to the Debt Management section of the STO website (the “Official Statements Webpage”) is the only information on this site intended to reach the investing public, including Maryland State General Obligation bondholders, rating analysts, financial advisors, or any other members of the investment community.

Use of this Website

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Contact Person

If you need help downloading Official Statements or other information, or would like to obtain copies of printed Official Statements, please contact the STO’s Debt Management Division at (410) 260-7920.


All information contained in the STO Official Statements Webpage is obtained from sources believed to be accurate and reliable. Refer to the Official Statement of each series for complete information on that issue. This information, however, is prepared “without audit” unless otherwise identified as audited financial information. Due to the possibility of human or mechanical error as well as other factors, this information is provided “as is” without warranty of any kind and the STO makes no representation, express or implied, as to the accuracy, reliability, completeness, or timeliness of this information, and is not responsible for any loss or damages incurred by parties using this information.

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I have read the foregoing disclaimer and expressly agree to each of its terms; I also understand that, as indicated above, official forms of disclosure documents are available elsewhere and that material information important to the making of informed investment decisions may have been posted elsewhere.