District of Columbia Financial Responsibility and Management Assistance Authority

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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.

All labels observed (1)

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf federally created oversight authority ⓘ
financial control board ⓘ
government agency ⓘ
alsoKnownAs D.C. Control Board ⓘ
District of Columbia Control Board ⓘ
appliedTo District of Columbia municipal government ⓘ
appliesToJurisdiction District of Columbia ⓘ
areaOfFocus budgetary control ⓘ
debt management ⓘ
financial reporting and accounting reforms ⓘ
management efficiency in District of Columbia agencies ⓘ
country 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 ⓘ
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) ⓘ
linked to: Federal government
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 ⓘ
Mayor of the District of Columbia ⓘ
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 ⓘ
DCFRMAA ⓘ
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 ⓘ

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 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 ⓘ
District of Columbia Financial Control Board → alsoKnownAs → District of Columbia Financial Responsibility and Management Assistance Authority ⓘ