The Finance department can also issue long-term debt with 10-year bonds. Bond interest rates are 1.5% higher than the current round's short-term interest rate. However, as short term interest rates can increase in future years, the department might choose to "lock-in" rates by issuing bonds.

The Finance Department can retire long-term debt. Debt is retired on a first-in, first-out basis, however the Finance Department is not required to take special action as bonds come due.

As they come due, the bond's face value converts to current debt. If they wish, teams can issue additional long-term debt to cover that amount.