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The foundation of managing debt is a sound debt management plan. Such a plan is mandated under IC 4-4-11 which requires that the Indiana Finance Authority (“IFA”) establish and periodically update a state debt management plan (the “Plan”).
This Plan is intended to provide guidance in the structuring and sale of all State related debt. However, exceptions to the general principles set forth may be appropriate under certain circumstances after careful consideration of the facts of each case and can be modified at any point in the future. Additional guidelines and policies may be necessary as new state initiatives are implemented or as innovative financial products and debt structures evolve.
This Plan applies to all debt or debt-related obligations of state issuers including, but not limited to, the IFA, Indiana Bond Bank, Indiana Housing & Community Development Authority, Indiana State Fair Commission, Ports of Indiana, Indiana Secondary Market For Education Loans, and all state higher educational institutions (collectively, “State Issuers”). This Plan does not apply to conduit debt, which is debt issued by a State Issuer but the obligation for repayment is with the borrower rather than a governmental entity. This Plan would, however, apply to conduit debt where a State Issuer has attached its moral obligation to the debt and may be obligated for the repayment.
Debt Management Plan - October, 2014
Linked information is historical data, provided for the convenience of the public, which speak from the respective dated dates