District of Columbia Financial Responsibility and Management Assistance Act of 1995

E183176

The District of Columbia Financial Responsibility and Management Assistance Act of 1995 is a U.S. federal law that established a financial control board and other oversight mechanisms to restore fiscal stability and improve financial management in Washington, D.C.

All labels observed (3)

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf United States federal law
public law
affects Council of the District of Columbia
District of Columbia Office of the Chief Financial Officer
surface form: District of Columbia Chief Financial Officer

Mayor of the District of Columbia
aimsTo achieve balanced budgets in the District of Columbia
restore access of the District of Columbia to credit markets
alsoKnownAs District of Columbia Financial Responsibility and Management Assistance Act of 1995
surface form: District of Columbia Financial Responsibility Act of 1995
appliesDuring period of fiscal emergency in the District of Columbia
appliesTo District of Columbia
context financial crisis in the District of Columbia in the mid-1990s
country United States of America
creates District of Columbia Financial Responsibility and Management Assistance Authority
District of Columbia financial control board
establishes federal oversight of District of Columbia finances
mechanisms for financial planning and budgeting in the District of Columbia
procedures for approval of the District of Columbia budget
requirements for financial reporting by the District of Columbia
grantsPower authority to oversee borrowing by the District of Columbia
authority to require financial reforms in the District of Columbia government
authority to review and approve the District of Columbia’s annual budget
authority to review and approve the District of Columbia’s financial plan
hasComponent provisions on borrowing limits for the District of Columbia
provisions on budget submission and approval
provisions on financial reporting and disclosure
provisions on powers and duties of the control board
impact implementation of financial management reforms in the District of Columbia
increased federal oversight of District of Columbia governance
jurisdiction United States Congress
legalForm statute
modifies exercise of home rule authority in the District of Columbia
oversightBody District of Columbia Financial Responsibility and Management Assistance Authority
purpose ensure the timely payment of the District of Columbia’s debts and obligations
improve financial management in the District of Columbia government
restore fiscal stability in the District of Columbia
regulates financial operations of the District of Columbia government
issuance of debt by the District of Columbia
relatedTo District of Columbia Home Rule Act
requires independent audits of the District of Columbia’s financial statements
preparation of multi-year financial plans for the District of Columbia
sector public administration
public finance law
shortName District of Columbia Financial Responsibility and Management Assistance Act of 1995 self-linksurface differs
surface form: D.C. Financial Responsibility and Management Assistance Act of 1995
subject budgetary control
fiscal oversight
municipal debt management
public finance of the District of Columbia

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

District of Columbia Office of the Chief Financial Officer legalBasis District of Columbia Financial Responsibility and Management Assistance Act of 1995
District of Columbia Financial Responsibility and Management Assistance Act of 1995 shortName District of Columbia Financial Responsibility and Management Assistance Act of 1995 self-linksurface differs
this entity surface form: D.C. Financial Responsibility and Management Assistance Act of 1995
District of Columbia Financial Responsibility and Management Assistance Act of 1995 alsoKnownAs District of Columbia Financial Responsibility and Management Assistance Act of 1995
this entity surface form: District of Columbia Financial Responsibility Act of 1995