Frequently Asked Questions About Debt

How can I buy State of Ohio Bonds?
What are the State of Ohio bond ratings? 
Does the Ohio Treasurer’s office issue all state supported bonds for the state?
Can I redeem a bond that I found through the Treasurer of State?
Can I buy Ohio bonds directly from the Ohio Treasurer of State’s office?  Can I buy my bonds from the Treasurer’s office to save on broker’s commission?

How do I buy tax-free state municipal bonds?  
Are all State of Ohio bonds tax-exempt? 
If I own State of Ohio tax-exempt bonds, do I have to report them on my tax forms? 
Who should I contact to obtain information about bonds issued by a state authority or agency?
Can the Ohio Treasurer’s office help me with my United States savings bonds? Where can I redeem my U.S. Savings Bonds EE bonds when they mature?
Does the Ohio Treasurer’s office provide debt consolidation loans or give advice on personal debt management?
How do I obtain information about upcoming Ohio Treasurer of State and other state bond offerings?



How can I buy State of Ohio Bonds?
Potential investors of Treasurer’s office bonds are able to obtain information about upcoming issuances and the process for purchasing those bonds both on the Treasurer’s website and at Buy Ohio Bonds. The Buy Ohio Bonds website, which is maintained by the Ohio Office of Budget and Management, also contains information about bonds issued by other authorized issuers in the state, including the Ohio Public Facilities Commission, the Ohio Housing Finance Authority, and the Ohio Water Development Authority.

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What are the State of Ohio bond ratings? 
The Treasurer of State bond ratings are as follows: 
     


Fitch  Moody's  Standard & Poor's 
 Highway Capital  AA+  Aa1  AAA 
 Higher Education AA Aa2 AA
 Mental Health  AA Aa2 AA
 Cultural & Sports  AA  Aa2  AA
 Parks & Recreation   AA  Aa2  AA
 Admin Bldg Fund  AA
Aa2
 AA
 Adult Correctional AA Aa2 AA
 Juvenile Correctional AA Aa2 AA
 Highway Safety AA Aa2 AA
 Workers' Compensation AAA Aaa AAA
 GARVEE   A+  Aa2  AA
 Ohio Enterprise   --  --  AA+

More rating information on Treasurer of State bond ratings and all other Ohio bond programs can be found at the Office of Budget and Management – State of Ohio Ratings.

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Does the Ohio Treasurer’s office issue all state supported bonds for the state?
No, the Treasurer is one of two issuers of state supported obligations. The Ohio Public Facilities Commission also issue state supported obligations.

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Can I redeem a bond that I found through the Treasurer of State?
It depends on the bond type. If the Treasurer of State of Ohio cannot determine the paying agent, a copy of the front of the bond certificate will be needed to determine where the bond can be redeemed. If a paying agent no longer exists, the Ohio Department of Commerce, Financial Institution Division, can be consulted to trace the successor bank(s). The Ohio Department of Commerce, Unclaimed Funds Division, can also be consulted for bonds escheated to the state.

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Can I buy Ohio bonds directly from the Ohio Treasurer of State’s office?  Can I buy my bonds from the Treasurer’s office to save on broker’s commission?
No, bonds must be purchased through a registered broker or dealer. The Ohio Treasurer’s office does not endorse any particular mutual fund or broker or dealer.

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How do I buy tax-free state municipal bonds?   
Bonds issued by the State of Ohio may be purchased in the primary or secondary market from brokers, and in some cases, underwriting banks and financial institutions. Some investors also invest in tax-exempt mutual funds. Please call an investment advisor for further details. Commissions and fees vary among firms. Many investors shop around for the best combination of service and fees for their interests. The Ohio Treasurer’s office is not permitted to provide investment advice. Check with a tax advisor to determine the types of securities that meet your tax reporting needs.

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Are all State of Ohio bonds tax-exempt?
No, the State of Ohio also issues taxable debt from time to time. A potential investor should consult a tax advisor to determine the tax treatment of investments because the tax status of an individual varies and tax laws may change. The Treasurer of State does not offer tax advice.

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If I own State of Ohio tax-exempt bonds, do I have to report them on my tax forms?
Individuals should consult their tax advisors, the Internal Revenue Service, or other taxation agencies regarding tax treatment and reporting requirements. Reporting tax-exempt income is often required on tax forms for informational purposes, even if not taxed.

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Who should I contact to obtain information about bonds issued by a state authority or agency?
State authorities that issue their own debt in the capital markets are listed below. Please contact them directly.

Ohio Building Authority
*Contact the Treasurer's office.

Ohio Housing Finance Agency
57 East Main Street
Columbus, OH  43215
(614) 466-7970; (888) 362-6432
http://www.ohiohome.org/ 

Ohio Water Development Authority
480 South High Street
Columbus, OH  43215
(614) 466-5822; (877) OWDA-123
http://www.owda.org/ 

Ohio Public Facilities Commission
Ohio Office of Budget & Management
30 East Broad Street, 34th Floor
Columbus, Ohio 43215-3457
(614) 466-4034
http://obm.ohio.gov/SectionPages/BondsDebt/ 

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Can the Ohio Treasurer’s office help me with my United States savings bonds?   Where can I redeem my U.S. Savings Bonds EE bonds when they mature?
The Ohio Treasurer’s office has no authority when it comes to United States savings bonds. Savings bond information can typically be obtained at a bank or from the U. S. Department of Treasury, Bureau of Public Debt. The contact information is as follows:

Bureau of Public Debt: (304) 480-6112
U.S. Department of Treasury: (800) 487-2663
Internet: Savings Bonds

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Does the Ohio Treasurer’s office provide debt consolidation loans or give advice on personal debt management?
The Ohio Treasurer’s office does not provide loans or advice on personal debt to individuals. However, the Treasury’s Community Education and Engagement Department can provide useful information on managing personal debt.

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How do I obtain information about upcoming Ohio Treasurer of State and other state bond offerings?
Ohio Treasurer of State bond issuance information can be found at the Invest In Ohio home page. The Ohio Office of Budget and Management also publishes the Ohio Bond Sale Schedule, which is updated monthly and provides a six-month issuance outlook for certain Ohio state level issuers. Go to the Office of Budget and Management - Bond Sale Schedule

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*By clicking on a provided link you will be leaving the Ohio Treasurer's office website for another website.  The Ohio Treasurer's office is not responsible for the content or for any problems you may have in connecting to it. We are providing a link only as a convenience and the inclusion of such link does not imply any endorsement, approval, investigation, verification or monitoring by the Ohio Treasurer's office of any content or information contained within or accessible from the linked site. The Ohio Treasurer's office does not control the accuracy, completeness, timeliness or appropriateness of the content or information on the linked site. If you choose to visit the linked site you will be subject to its terms of use and privacy policies, over which the Ohio Treasurer's office has no control. In no event will the Ohio Treasurer's office or the state of Ohio be responsible for any information or content within the linked site or your use of the linked site. By continuing to the linked site you agree to the foregoing.