Redevelopment, Capital and Debt
The Bureau of Redevelopment, Capital and Debt 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 Program Policy and
Grant Development Division and Program Planning and Project Oversight
Program Policy and Grant Development Division
Provides leadership and direction for the RACP, to include establishing and implementing RACP policy, federal tax law compliance, contract preparation and execution, financial planning and analysis and construction oversight.
Program Planning and Project Oversight Division
Manages the payment of invoices, monitoring and close out audit function for the RACP. Additional duties include administering activities related to RACP and establishing and implementing RACP policy.