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The District of Columbia Financial Control … The District of Columbia Financial Control Board (officially the District of Columbia Financial Responsibility and Management Assistance Authority) was a five-member body established by the United States Congress in 1995 to oversee the finances of the District of Columbia. Created through the District of Columbia Financial Responsibility and Management Assistance Act of 1995, the board had the power to override decisions by District of Columbia's mayor and district council. It suspended its activities on September 30, 2001, when the District achieved its fourth consecutive balanced budget.ed its fourth consecutive balanced budget.
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The District of Columbia Financial Control … The District of Columbia Financial Control Board (officially the District of Columbia Financial Responsibility and Management Assistance Authority) was a five-member body established by the United States Congress in 1995 to oversee the finances of the District of Columbia. Created through the District of Columbia Financial Responsibility and Management Assistance Act of 1995, the board had the power to override decisions by District of Columbia's mayor and district council. It suspended its activities on September 30, 2001, when the District achieved its fourth consecutive balanced budget.ed its fourth consecutive balanced budget.
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District of Columbia Financial Control Board
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