The Debt Management Division, led by the Deputy Treasurer for Policy and Debt Management, oversees debt issuance by state governmental entities and advises the Governor and Legislature on matters relating to capital planning and various financing options.

The Division also provides staff and administration for the Council of Bond Oversight, which reviews and approves state issuer requests for debt issuance, and the Oklahoma Capitol Improvement Authority, which serves as the primary issuer of tax-supported debt for the State of Oklahoma.