A comprehensive post-issuance compliance program should primarily be designed to do what?

A comprehensive post-issuance compliance program is primarily designed to catalog compliance requirements and identify responsible staff. This is essential for ensuring that all terms and conditions associated with the issuance of bonds are followed throughout the life of the bonds. The program helps in tracking adherence to regulatory requirements, financial covenants, federal tax compliance, and other legal obligations related to the bond issuance. By clearly defining who is responsible for each aspect of compliance, an organization can more efficiently manage its obligations and mitigate risks associated with noncompliance, which could lead to financial penalties or loss of tax-exempt status.

The focus of this program is not on maximizing investment returns, reducing debt service, or increasing the size of the bond issuance. While those factors are important in the overall context of debt management, they are not the primary objective of a post-issuance compliance program, which concentrates on maintaining compliance and accountability after the bonds have been issued.