Kansas Development Finance Authority is periodically authorized to provide for the issuance of revenue bonds for certain activities and capital improvement projects of state agencies which have been approved by specific legislative authorization or occasionally by Resolution of the State Finance Council and all as requested by the Secretary of Administration.

KDFA is also authorized to issue bonds for the purpose of refunding any outstanding bonded indebtedness of any State agency. Bond proceeds are used for such projects as construction and acquisition of office buildings, restoration of the Capitol Building, energy conservation improvements, equipment upgrades, and construction or renovation of State correctional, hospital or other facilities.
 
KDFA also issues bonds for four state revolving loan fund programs. KDFA works in partnership with the Kansas Department of Health and Environment to provide loans through operation of the Kansas Clean Water Supply Revolving Loan Fund Program to political subdivisions for municipal and rural waste water systems and through the Public Water Supply Revolving Loan Fund Program which targets drinking water systems for political subdivisions. KDFA partners with the Kansas Department of Transportation to offer the Transportation Revolving Loan Fund to municipalities to provide low interest financings for local road and bridge infrastructure improvements, and to offer the Communication's Revolving Loan Fund Program to offer political subdivisions lower cost loans to upgrade communications equipment. In conjunction with the Kansas Department of Commerce, KDFA issues bonds for the Investments in Major Projects and Comprehensive Training Program (IMPACT) which provides funds for job training and major project investments for companies which are locating or expanding their business in Kansas.