The Debt Capacity Advisory Committee (the "DCAC") reviews the amount and condition of the Commonwealth's tax-supported debt and submits to the Governor an annual report which includes the Committee's estimate of the maximum amount of tax-supported debt that may prudently be authorized in the ensuing fiscal years.
Statutory Requirements for Membership: Under Section § 2.2-2712 of the Code of Virginia establishes the membership of the DCAC. The Committee is comprised of the Secretary of Finance (Chair), the State Treasurer, the Director of the Department of Planning and Budget, the Auditor of Public Accounts, the Director of the Joint Legislative Audit and Review Commission and two citizen members who have expertise in financial matters. The citizen members are appointed by the Governor and serve for terms of four years.
Ronald L. Tillett | Harold Hughey |
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Appointed: July 1, 2018 Term expires June 30, 2026 |
Appointed: July 1, 2023 Term Expires June 30, 2027 |
The Honorable Stephen Cummings (Chair) | David L. Richardson |
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Secretary of Finance
Appointed: January 15, 2022 At Pleasure of Governor |
State Treasurer
Appointed: June 2, 2022 At Pleasure of Governor |
Michael D. Maul | Staci A. Henshaw |
Director of Department of Planning & Budget
Appointed: April 11, 2022 At Pleasure of Governor |
Auditor of Public Accounts
Appointed: February 1, 2021 At Pleasure of Legislature |
Scott L. Adams | Harold E. Greer |
State Comptroller
Appointed: August 12, 2024 At Pleasure of Governor |
Director of Joint Legislative Audit & Review Commission
Appointed: September 1, 2013 At Pleasure of Legislature |
April Kees |
Anne Oman |
Staff Director of the Senate Finance Committee
Appointed: October, 2019 At Pleasure of Legislature |
Staff Director of the House Appropriations Committee
Appointed: January, 2020 At Pleasure of Legislature |
Bradley L. Jones |
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Director of Debt Management
Department of the Treasury P.O. Box 1879 Richmond, VA 23218-1879 PH: (804) 225-4929 |
Richard F. Rhodemyre |
Public Finance Manager
Department of the Treasury P.O. Box 1879 Richmond, VA 23218-1879 PH:(804) 786-3669 |