REQUIREMENT INFORMATION
Fiscal Year 2012 Financial Information Required by the State from Governmental Units
Report on Variable Rate Debt, Interest Rate Exchange Agreements or Swaps, and Other Derivatives Including Futures and Options
The Annotated Code of Maryland, Article 24, Section 2-101 requires political subdivisions to submit information regarding any use of variable interest rate debt instruments, interest rate exchange agreements or swaps, and other derivatives including futures and options. The Uniform Financial Report (UFR) for fiscal year 2012 has been modified for counties, municipal corporations and special taxing districts only, and now includes a section to report variable rate debt, interest exchange agreements or swaps, and other derivatives including futures and options. Only counties, municipal corporations, and special taxing districts will use the UFR to submit variable rate debt information to the State.
Forms to report on the use of any of these categories of indebtedness for fiscal year 2012 by all other political subdivisions including State authorities, and public corporations of the State were included in the recent letter that was sent to each financial officer by the State Treasurer's Office. See the link at the end of this document to download the two forms necessary to submit information regarding the use of variable interest rate debt, interest rate exchange agreements or swaps, and other derivatives.
The completed forms must be mailed to both the State Treasurer's Office and the Department of Legislative Services by November 1, 2012 by State authorities, and public corporations.
Mailing Address for State Treasurer's Office:
Debt Management
State Treasurer's Office
Louis L. Goldstein Treasury Building
Room 109
80 Calvert Street
Annapolis, MD 21401
Mailing Address for Department of Legislative Services:
Trevor Owen
Department of Legislative Services
Legislatives Services Building
90 State Circle
Annapolis, MD 21401
Download Variable Rate Debt Forms:
CLICK HERE to download the two forms needed to submit information regarding the use of variable interest rate debt, interest rate exchange agreements or swaps, and other derivatives.
For any other information regarding these requirements, please contact Debt Management at the State Treasurer's Office at 410-260-7155, or Amber Teitt at 410-260-7920, or by email at ateitt@treasurer.state.md.us
