Plain English Breakdown
The effective date listed in metadata (Mar 24, 2026) differs slightly from the approval date (Jan 27, 2026); the law takes effect after Mayor approval and a 30-day congressional review period.
Temporary Removal of Bond Limit for Energy Efficiency Projects
This law temporarily removes the $250 million limit on bonds that Washington, D.C. can issue to fund energy efficiency projects.
What This Bill Does
- Removes the rule limiting bond sales to a total principal amount of $250 million under the Energy Efficiency Financing Act of 2010.
- Allows the District government to sell bonds without that specific dollar cap for financing energy improvements.
- Sets an expiration date so this change ends automatically after 225 days from when it takes effect.
Who It Names or Affects
- The District of Columbia government agencies that issue bonds for energy efficiency programs.
Terms To Know
- Bond
- A loan where the government borrows money from investors and promises to pay it back with interest over time.
- Principal amount
- The total face value of the bonds issued, not including any extra interest payments.
Limits and Unknowns
- This change only lasts for 225 days after it takes effect and then expires.
- The text does not state how much money will actually be raised or spent under this new rule.
- The law depends on approval by the Mayor and a 30-day review period by Congress before starting.