I’d like to thank Gov. Roy Cooper for signing SB 314 - the Local Government Commission “Tool Kit” into law. This important legislation will give the LGC more means to help local government units exhibiting fiscal distress. Much appreciation goes to Sen.
Topics Related to Treasurer Folwell Administration Press Releases
State Treasurer Dale R. Folwell, CPA, announced today the awarding of $252.6 million in Grant Anticipation Revenue Vehicle Bonds (GARVEE bonds). GARVEE bonds are revenue bonds that allow the state to pledge future federal highway funds to pay debt service. The funds will be used to accelerate construction on a variety of N.C. Department of Transportation projects.
While Visiting UNC-Wilmington He Promotes NC ABLE Program Set Up to Financially Assist I/DD Individuals
Treasurer Dale R. Folwell, CPA, the Supplemental Retirement Board of Trustees and staff have been recognized by the National Association of Government Defined Contribution Administrators (NAGDCA) with two national leadership awards recognizing outstanding achievements in Technology and Interactive Multimedia and National Retirement Security Month awareness.
The Local Government Commission (LGC) has approved a request from Wake County to finance nearly $600 million for school and community college construction and renovation.
During the August meeting of the North Carolina Council of State (COS) earlier today, Gov. Roy Cooper indicated that when additional federal unemployment payments end in September, state unemployment payments will return to their normal levels. The Governor’s statement came after State Treasurer Dale R. Folwell, CPA, and other members of the COS spoke about the devastating impact the extended benefits are having on employers across the state.
The Unclaimed Property Division (UPD) of the Department of State Treasurer (DST) announced this week that it had exceeded 125,000 claims paid amounting to almost $70.5 million during the 2021 fiscal year. UPD is part of DST led by State Treasurer Dale R. Folwell, CPA. Both the number of claims paid, and the total amount claimed, represent a historical record for UPD.
The Local Government Commission (LGC) has voted to assume full control of all finances of Spring Lake if, among other actions, the Board of Aldermen impedes an investigation by the Office of State Auditor into questionable financial activities or withholds information from the commission.
State Treasurer Dale R. Folwell, CPA, applauds the Biden administration’s new penalties on hospitals that refuse patients the right to know medical prices. The administration must enforce its new penalties, but state leaders cannot remain on the sidelines. They must also step up to protect patients.
State Treasurer Dale R. Folwell, CPA today announced the pricing of $132.025 million worth of State of North Carolina limited obligation refunding bonds (LOBs). The LOBs true interest cost is .7% representing a net present value savings of $23.6 million and is the lowest interest rate ever obtained by the state for a LOB. The bonds are scheduled to close on August 5, 2021.