District Municipal Bonds
The Office of Finance and Treasury is responsible for issuing and managing the District of Columbia's debt in a prudent and cost effective manner. In consultation with the Treasurer and under the direction of the Associate Treasurer, the Debt Management Unit issues bonds to finance capital projects, manages debt service payments and cash flow borrowing, maintains the District's investor and rating agency relationships, administers Master Equipment Lease Financing Program and manages the District’s tax-exempt debt compliance with IRS regulations. The Debt Management Unit's mission is to manage the District’s debt programs effectively and efficiently to minimize the cost of the District’s debt to District taxpayers.
To finance the District’s capital projects, the Debt Management Unit manages several municipal financing programs. These include debt issuance of General Obligation ("GO") Bonds, and Income Tax Secured Revenue Bonds. The Debt Management Unit also is responsible for special program debt sales such as Ballpark Revenue Bonds, and Housing Production Trust Fund Bonds. From time to time, the Debt Management Unit also coordinates and assists in the issuance of Tax Increment Financing Obligations, Payments In Lieu of Taxes Obligations and bonds of independent instrumentalities of the District.