provides guidance on the need for bond issuance to the Secretary of Budget, the Auditor General, and State Treasurer’s Office.  It provides background on the municipal bond market, possible effects of proposed legislation on bond issuances, payment schedules for operating funds, i.e., Redevelopment Assistance Capital Program (RACP); and recommendations on the timing and sizing of all general obligation bond sales and the coordination of bond issue documents. 

The Bureau consists of the Capital and Debt Division and the RACP Division; which is comprised of Consultant Administration, Application Assistance and Scope Development, Payment Processing, Grant and Special Conditions, and Risk and Compliance.

provides leadership and direction for RACP, to include establishing and implementing RACP policy, federal tax law compliance, contract preparation and execution, financial planning and analysis, and construction oversight.

manages the payment of invoices and the monitoring and close out audit function for RACP.  Additional duties include administering activities related to RACP and establishing and implementing RACP policy.