About the Bureau of Redevelopment, Capital, and Debt & RACP

The Bureau of Redevelopment, Capital, and Debt ...

is responsible for managing the Commonwealth’s capital programs and debt portfolio. The Bureau supports the planning, financing, and administration of capital projects and ensures that all debt issuance complies with statutory requirements and fiscal policies. Its work helps maintain Pennsylvania’s financial stability while supporting investment in public infrastructure and economic development.

Redevelopment Assistance Capital Program (RACP) Division ...

is a state grant program that supports the acquisition and construction of economic, cultural, civic, and historical projects. RACP funds are awarded by the Governor to projects that generate regional economic impact and are financed through the issuance of Commonwealth general obligation bonds.

Capital and Debt Division ...

manages the Commonwealth’s capital budget and all debt-related activities, including the issuance and repayment of state bonds. The Division works to ensure capital appropriations are properly executed, debt obligations are met on time, and financial reporting supports sound budgetary and investment decisions.