District of Columbia Financial Responsibility and Management Assistance Authority

E696354

federally created oversight authority financial control board government agency

The District of Columbia Financial Responsibility and Management Assistance Authority was a federally created financial control board that oversaw and restructured Washington, D.C.’s finances during a period of severe fiscal crisis in the 1990s and early 2000s.

Try in SPARQL Jump to: Surface forms Statements Referenced by

All labels observed (1)

Label	Occurrences
District of Columbia Financial Responsibility and Management Assistance Authority canonical	2

Statements (48)

Predicate	Object
instanceOf	federally created oversight authority ⓘ financial control board ⓘ government agency ⓘ
alsoKnownAs	D.C. Control Board NERFINISHED ⓘ District of Columbia Control Board NERFINISHED ⓘ
appliedTo	District of Columbia municipal government NERFINISHED ⓘ
appliesToJurisdiction	District of Columbia NERFINISHED ⓘ
areaOfFocus	budgetary control ⓘ debt management ⓘ financial reporting and accounting reforms ⓘ management efficiency in District of Columbia agencies ⓘ
country	United States of America ⓘ surface form: United States
createdBy	United States Congress ⓘ
dissolved	early 2000s ⓘ
endTime	early 2000s ⓘ
governanceStructure	board of members appointed under federal authority ⓘ
hasPower	authority to approve or reject certain contracts of the District of Columbia government ⓘ authority to approve or reject the District of Columbia’s budgets ⓘ authority to impose financial plans on the District of Columbia government ⓘ authority to oversee debt issuance by the District of Columbia ⓘ authority to review and influence management practices of District of Columbia agencies ⓘ oversight of the District of Columbia budget ⓘ
inceptionContext	near insolvency of the District of Columbia government in the mid‑1990s ⓘ
legalBasis	District of Columbia Financial Responsibility and Management Assistance Act of 1995 NERFINISHED ⓘ
legalForm	independent agency of the District of Columbia government under federal oversight ⓘ
locatedIn	Washington, D.C. ⓘ
mandate	to achieve four consecutive balanced budgets for the District of Columbia ⓘ to restore access of the District of Columbia to public credit markets ⓘ
operatedDuring	1990s ⓘ early 21st century ⓘ
oversaw	District of Columbia budgeting process ⓘ District of Columbia financial management systems ⓘ District of Columbia government finances ⓘ
parentOrganization	United States federal government (oversight role) NERFINISHED ⓘ
purpose	to ensure balanced budgets and improved financial management in the District of Columbia ⓘ to oversee and restructure the finances of Washington, D.C. ⓘ to restore financial stability to the District of Columbia ⓘ
reasonForCreation	severe fiscal crisis in the District of Columbia in the mid‑1990s ⓘ
relationshipWith	Council of the District of Columbia NERFINISHED ⓘ Mayor of the District of Columbia NERFINISHED ⓘ
restored	fiscal stability of the District of Columbia government ⓘ investor confidence in District of Columbia bonds ⓘ
sector	public finance ⓘ
shortName	D.C. Financial Control Board NERFINISHED ⓘ DCFRMAA NERFINISHED ⓘ
significance	played a central role in resolving Washington, D.C.’s fiscal crisis in the 1990s ⓘ temporarily limited the fiscal autonomy of the District of Columbia government ⓘ
startTime	1995 ⓘ

Referenced by (2)

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

District of Columbia Financial Responsibility and Management Assistance Act of 1995 → creates → District of Columbia Financial Responsibility and Management Assistance Authority ⓘ

District of Columbia Financial Responsibility and Management Assistance Act of 1995 → oversightBody → District of Columbia Financial Responsibility and Management Assistance Authority ⓘ