Oklahoma State Bond Advisor
Encyclopedia
The Oklahoma State Bond Advisor is an officer
of the state of Oklahoma
that provides advice and assistance to the Governor of Oklahoma
on matters relating to capital planning, debt issuance, and debt management. The Office borrows money to operate the Oklahoma state government and manages the resulting debt. The State Bond Advisor serves as the professional staff to the Council on Bond Oversight and the Long-Rang Capital Planning Commission. The State Bond Advisor is appointed by the Council and serves until removed, for cause, by the Council.
Established in 1987 as an office of the Oklahoma Department of Central Services
, th Office was given independent status in 2003. The current State Bond Advisor is Tim Martin.
The Office was created in 1987 during the term of Governor Henry Bellmon
.
, the Chair of the Council on Bond Oversight, and the State Bond Advisor. Under Governor Brad Henry
, Oklahoma State Treasurer Scott Meacham
is serving as the Secretary, the Chair of the Council is Ted Fisher, and Tim Martin is serving as the State Bond Advisor.
of the state of Oklahoma
responsible for reviewing all financing and indebtiness requests by State agencies, authorities, departments, and trusts. Upon approval, the State Bond Advisor is responsible for selling the approved bonds.
The Council consists of five members who are not members of the Oklahoma Legislature
. Two members are appointed by the Governor of Oklahoma
with the approval of the Oklahoma Senate
, one is appointed by the Speaker of the Oklahoma House of Representatives
, one is appointed by the President pro tempore of the Oklahoma Senate
, and the Director of State Finance
serves as the fifth member. Appointed members shall serve a term of two years and may be removed for cause by the appointing authority. Members may be appointed for additional terms.
As of 2009, the members of the Council are as follows:
of the state of Oklahoma
to advise and assist the Oklahoma Legislature
in providing for capital facilities in the state. Each year, the Commission prepares a state capital plan for addressing state, regional and local public capital facility needs for the next five years. The Governor of Oklahoma
, at the time he prepares the state budget, is to use the state capital plan to prepare a capital budget for approval by the Oklahoma Legislature
. The State Bond Advisor is responsible for advising the Commission, the Governor and the Legislature on preparing and approving the plan.
The Commission consists of twelve members as follows:
As of 2009, there is one vacancy on the Commission. The members of the Commission are as follows:
Government agency
A government or state agency is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an intelligence agency. There is a notable variety of agency types...
of the state of Oklahoma
Oklahoma
Oklahoma is a state located in the South Central region of the United States of America. With an estimated 3,751,351 residents as of the 2010 census and a land area of 68,667 square miles , Oklahoma is the 28th most populous and 20th-largest state...
that provides advice and assistance to the Governor of Oklahoma
Governor of Oklahoma
The governor of the state of Oklahoma is the head of state for the state of Oklahoma, United States. Under the Oklahoma Constitution, the governor is also the head of government, serving as the chief executive of the Oklahoma executive branch, of the government of Oklahoma...
on matters relating to capital planning, debt issuance, and debt management. The Office borrows money to operate the Oklahoma state government and manages the resulting debt. The State Bond Advisor serves as the professional staff to the Council on Bond Oversight and the Long-Rang Capital Planning Commission. The State Bond Advisor is appointed by the Council and serves until removed, for cause, by the Council.
Established in 1987 as an office of the Oklahoma Department of Central Services
Oklahoma Department of Central Services
The Oklahoma Department of Central Services is an ageny of the state of Oklahoma. DCS is responsible for providing services to help manage and support the basic functioning of all state agencies. DCS provides government-wide purchasing, supplying, operation, and maintenance of state property,...
, th Office was given independent status in 2003. The current State Bond Advisor is Tim Martin.
The Office was created in 1987 during the term of Governor Henry Bellmon
Henry Bellmon
Henry Louis "Harry" Bellmon was an American Republican politician from Oklahoma. He was a member of the Oklahoma Legislature, the 18th and 23rd Governor of Oklahoma , and a two-term United States Senator.-Service in World War II:Bellmon was born in Tonkawa, Oklahoma and graduated from Billings...
.
Leadership
The Office of the State Bond Advisor is led by the Secretary of Finance and RevenueOklahoma State Cabinet
The Cabinet of the Governor of Oklahoma is a body of the most senior appointed officials of the executive branch of the government of Oklahoma. Originally an informal meeting between the Governor of Oklahoma and various government officials, the Governor's Cabinet has evolved into a major part of...
, the Chair of the Council on Bond Oversight, and the State Bond Advisor. Under Governor Brad Henry
Brad Henry
Charles Bradford "Brad" Henry was the 26th Governor of the U.S. state of Oklahoma. A member of the Democratic Party, he was elected governor in 2002...
, Oklahoma State Treasurer Scott Meacham
Scott Meacham
Scott Meacham was the 17th State Treasurer of Oklahoma, having served from June, 2005 to January, 2011, having been appointed to that post by then-Governor Brad Henry following the resignation of then-State Treasurer Robert Butkin...
is serving as the Secretary, the Chair of the Council is Ted Fisher, and Tim Martin is serving as the State Bond Advisor.
Council on Bond Oversight
The Oklahoma Counci on Bond Oversight is the agencyGovernment agency
A government or state agency is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an intelligence agency. There is a notable variety of agency types...
of the state of Oklahoma
Oklahoma
Oklahoma is a state located in the South Central region of the United States of America. With an estimated 3,751,351 residents as of the 2010 census and a land area of 68,667 square miles , Oklahoma is the 28th most populous and 20th-largest state...
responsible for reviewing all financing and indebtiness requests by State agencies, authorities, departments, and trusts. Upon approval, the State Bond Advisor is responsible for selling the approved bonds.
The Council consists of five members who are not members of the Oklahoma Legislature
Oklahoma Legislature
The Legislature of the State of Oklahoma is the biennial meeting of the legislative branch of the government of Oklahoma. It is bicameral, comprising the Oklahoma House of Representatives and the Oklahoma Senate, with all members elected directly by the people. The House of Representatives has 101...
. Two members are appointed by the Governor of Oklahoma
Governor of Oklahoma
The governor of the state of Oklahoma is the head of state for the state of Oklahoma, United States. Under the Oklahoma Constitution, the governor is also the head of government, serving as the chief executive of the Oklahoma executive branch, of the government of Oklahoma...
with the approval of the Oklahoma Senate
Oklahoma Senate
The Oklahoma Senate is the upper house of the two houses of the Legislature of Oklahoma, the other being the Oklahoma House of Representatives. The total number of Senators is set at 48 by the Oklahoma Constitution....
, one is appointed by the Speaker of the Oklahoma House of Representatives
Speaker of the Oklahoma House of Representatives
The Speaker of the Oklahoma House of Representatives is the presiding officer of the lower house of the Oklahoma Legislature, the Oklahoma House of Representatives. The Speaker exercises administrative and procedural functions in the House, but most importantly remains a representative of his...
, one is appointed by the President pro tempore of the Oklahoma Senate
President pro tempore of the Oklahoma Senate
The President pro tempore of the Oklahoma Senate is the second-highest-ranking official of the Oklahoma Senate and the highest-ranking State Senator. The Oklahoma Constitution states the Lieutenant Governor of Oklahoma serves ex officio as President of the Senate, and is the highest-ranking...
, and the Director of State Finance
Oklahoma Office of State Finance
The Oklahoma Office of State Finance is the Oklahoma state government agency that prepares the Governor of Oklahoma’s annual budget, analyzes the effectiveness of state management, manages the state’s budget system and makes appropriate allotments and transfers throughout the state government...
serves as the fifth member. Appointed members shall serve a term of two years and may be removed for cause by the appointing authority. Members may be appointed for additional terms.
As of 2009, the members of the Council are as follows:
- Ted Fisher - Chairman
- Tom Langdon - Vice Chairman
- Michael Clingman
- Cliff Elliott
- Carl Packwood
Capital Planning Commission
The Oklahoma Long-Range Capital Planning Commission is an agencyGovernment agency
A government or state agency is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an intelligence agency. There is a notable variety of agency types...
of the state of Oklahoma
Oklahoma
Oklahoma is a state located in the South Central region of the United States of America. With an estimated 3,751,351 residents as of the 2010 census and a land area of 68,667 square miles , Oklahoma is the 28th most populous and 20th-largest state...
to advise and assist the Oklahoma Legislature
Oklahoma Legislature
The Legislature of the State of Oklahoma is the biennial meeting of the legislative branch of the government of Oklahoma. It is bicameral, comprising the Oklahoma House of Representatives and the Oklahoma Senate, with all members elected directly by the people. The House of Representatives has 101...
in providing for capital facilities in the state. Each year, the Commission prepares a state capital plan for addressing state, regional and local public capital facility needs for the next five years. The Governor of Oklahoma
Governor of Oklahoma
The governor of the state of Oklahoma is the head of state for the state of Oklahoma, United States. Under the Oklahoma Constitution, the governor is also the head of government, serving as the chief executive of the Oklahoma executive branch, of the government of Oklahoma...
, at the time he prepares the state budget, is to use the state capital plan to prepare a capital budget for approval by the Oklahoma Legislature
Oklahoma Legislature
The Legislature of the State of Oklahoma is the biennial meeting of the legislative branch of the government of Oklahoma. It is bicameral, comprising the Oklahoma House of Representatives and the Oklahoma Senate, with all members elected directly by the people. The House of Representatives has 101...
. The State Bond Advisor is responsible for advising the Commission, the Governor and the Legislature on preparing and approving the plan.
The Commission consists of twelve members as follows:
- four members are appointed by the Governor of OklahomaGovernor of OklahomaThe governor of the state of Oklahoma is the head of state for the state of Oklahoma, United States. Under the Oklahoma Constitution, the governor is also the head of government, serving as the chief executive of the Oklahoma executive branch, of the government of Oklahoma...
to serve at his pleasure and represent the public at large - four members are appointed by the President pro tempore of the Oklahoma SenatePresident pro tempore of the Oklahoma SenateThe President pro tempore of the Oklahoma Senate is the second-highest-ranking official of the Oklahoma Senate and the highest-ranking State Senator. The Oklahoma Constitution states the Lieutenant Governor of Oklahoma serves ex officio as President of the Senate, and is the highest-ranking...
to serve at his pleasure, two of whom must be members of the Oklahoma SenateOklahoma SenateThe Oklahoma Senate is the upper house of the two houses of the Legislature of Oklahoma, the other being the Oklahoma House of Representatives. The total number of Senators is set at 48 by the Oklahoma Constitution....
and two must come from the public - four members are appointed by the Speaker of the Oklahoma House of RepresentativesSpeaker of the Oklahoma House of RepresentativesThe Speaker of the Oklahoma House of Representatives is the presiding officer of the lower house of the Oklahoma Legislature, the Oklahoma House of Representatives. The Speaker exercises administrative and procedural functions in the House, but most importantly remains a representative of his...
to serve at his pleasure, two of whome must be members of the Oklahoma House of RepresentativesOklahoma House of RepresentativesThe Oklahoma House of Representatives is the lower house of the Oklahoma Legislature, the legislative body of the U.S. state of Oklahoma. Its members are responsible for introducing and voting on bills and resolutions, providing legislative oversight for state agencies, and helping to craft the...
and two must come from the public
As of 2009, there is one vacancy on the Commission. The members of the Commission are as follows:
- R. Scott Thompson - Chair
- Nancy Tarr - Vice Chair
- State Senator Randy BassRandy Bassis a former American baseball player and current politician. He is less notable for his career in Major League Baseball than for his success in Japan's Hanshin Tigers of Central League, where he had the most spectacular run of any American to ever play in Japan...
(D-Lawton) - State Representative Lee Denney (R-Cushing)
- State Representative Scott Martin (R-Norman)
- State Senator Johnnie Crutchfield (D-Ardmore)
- Jerry Brown
- Gregory Frogge
- Jim Shelton
- E.L. Fowler, Jr.
- Rob Cleveland