IRMA Disclosure Notice to Market Participants

By publicly posting the following written disclosure, State of North Carolina intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule.  Market participants may provide advice and information to State of North Carolina regarding municipal financial produced or the issuance of municipal securities.  State of North Carolina has retained an independent registered municipal advisor.  State of North Carolina is represented by and will rely on its municipal advisor, Davenport & Company LLC, to provide advice on proposals from financial services firms concerning the issuance of municipal securities and municipal financial products (including investments of bond proceeds and escrow investments (if applicable).
 
Davenport has advised State of North Carolina that it is a registered municipal advisor with both the Securities and Exchange Commission and the Municipal Securities Rulemaking Board.  Davenport has advised State of North Carolina, as of the date of this announcement, the Davenport personnel providing services to State of North Carolina have been employed by Davenport for longer than two years.  State of North Carolina will update this announcement from time to time as necessary if Davenport advises the Agency that the circumstances regarding such personnel have changed.
 
Advice, information, or proposals may be addressed to: StateDebt@nctreasurer.com.  If the information received will be considered by State of North Carolina, it will share the information with its municipal advisor. Please note that aside from regulatory-mandated correspondence between an underwriter and municipal advisor, parties should not share or discuss information with the municipal advisor unless specifically directed by State of North Carolina.
 
This certificate is effective through December 31, 2025.