The Revenue Authority was created in 1957 as an instrumentality of the County and a public corporation. The Revenue Authority was established to construct, improve, equip, furnish, maintain, acquire, operate, and finance projects devoted wholly or partially for public use, good, or general welfare. A six-member Board governs the Revenue Authority, with five voting members appointed by the County Executive and confirmed by the County Council. The sixth member – the Chief Administrative Officer or designee – serves in a non-voting, ex-officio capacity.

The two primary activities of the Revenue Authority are to operate self-supporting facilities and to finance public facilities. On the operations side, the Revenue Authority directly manages the Golf Course System. The operated facilities generate various forms of revenue, which are used to fund operations and to provide for improvements. A portion of the operating revenues is used to retire any debt associated with operated facilities.

On the public financing side, the Revenue Authority issues bonds to raise capital, to acquire land or other property, or to pay construction costs. Through a financing partnership with a broad range of agencies, the Revenue Authority has supported important public purposes such as economic development, education, transportation, human services, and recreation. The revenue or the rent generated by the facilities is used by the Revenue Authority to retire the debt.

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